📊 Boston Real Estate & Market Update — Year-to-Date (2025)

Brought to you by Shad Ghazarian at Ghazarian Group LLC

We’re halfway through 2025, and Boston’s market is buzzing with movement across real estate, rentals, and even local stocks. Here’s a quick rundown of what you need to know to stay ahead.

🏡 Home Prices Surge to New Highs

• Greater Boston’s median home price has hit $1 million — an all-time high.
• In Boston proper, the median sold price is $842,218, up 4% YoY.
• Hot neighborhoods:
  • Chestnut Hill: +19.8%
  • Dorchester: +11.8%
  • Brookline: +5.3%

📈 Price per square foot sits at $681, and though homes are lingering longer on the market, demand remains strong with limited inventory.

🏢 Multifamily Market Holds Strong

• Average rent in Boston: $2,924/mo, up 1.8% YoY.
• Occupancy remains high at 96.1%.
• Boston’s rent growth (2.5%) outpaces the national average (1.1%).
• Construction is slowing: Only ~1,480 units delivered YTD, with 15,920 in progress but fewer new starts.

🛠️ Builders are cautious, but strong rental demand continues to support the market.

📈 Boston Stocks Snapshot

Boston Scientific (BSX)

• YTD return: +16%
• Hit an all-time high of $107.41 in June
• Med-tech outlook remains bullish

Boston Properties (BXP)

• YTD return: –2.7%
• Still feeling the weight of remote work and CRE pressures
  
  

🔮 What to Watch for This Fall

• 🏦 Mortgage rates: Could unlock demand if they dip below 6%.
• 🏘️ Inventory: Rising slightly — good news for buyers.
• 🏢 Commercial recovery: A key factor in property tax policy shifts.
• 📊 BXP & BSX: Key stocks reflecting Boston's broader economic health.
  
  

Thanks for reading!

Boston Real Estate, Simplified.

P.S. Forward this update to a friend or colleague who’s tracking the market too!