At the start of February, we were greeted with a promising prediction by Pennsylvania's groundhog, Punxsutawney Phil. On Groundhog Day, Friday, February 2, Phil did not see his shadow, hinting at an early spring for 2024 for the first time in four years. And from a real estate perspective, it seems Phil might just be onto something.

Although Valentine's Day has already passed, love is still in the air! For many, our thoughts turn to finding that perfect match— but what if we told you that the ultimate matchmaker might not be Cupid with his bow and arrow, but rather, your real estate team (aka, Steve McKenna & The Home Advantage Team)?

Sotheby’s International Realty is pleased to announce the release of the 2024 Luxury Outlook report, a comprehensive exploration into high-end real estate markets across the globe. The report explores the trends shaping real estate investment decisions in the year ahead, from the intergenerational transfer of wealth, to pinpointing parts of the world where tax incentives are increasingly enticing.

Happy New Year from me and the team! Upon scrutinizing Greater Boston's real estate market statistics comparing 2022 to 2023, a noteworthy trend emerged: despite a significant surge in mortgage interest rates and initially low buyer confidence in early 2023, overall property values experienced a slight uptick. 

Along with this new year comes thrilling news I am excited to share with you. If you've been on the lookout for new construction in Arlington, you're in luck – this year brings several new and captivating developments.

Happy New Year! Let's delve into the real estate landscape and explore our expectations for the market in 2024.

Sometimes there is no rhyme nor reason in the real estate market, specifically the luxury market — and this year is no different. Despite the adjustments in the economy, buyers are still flocking to the suburbs of Boston and the luxury market remains active. 

As summer winds down and we step into the final months of the year, it's time to take a closer look at the real estate market's performance in August 2023. The past few months have seen some intriguing developments, and August did not disappoint. Read our snapshot of what's been happening in the Greater Boston real estate market.

Throughout the first six months of 2023, the luxury housing market was quieter throughout the Greater Boston area compared to 2022. However, supply and demand remain the biggest factor in the real estate market - and that will not change anytime soon.