Many of the Boston area’s priciest suburbs, including Concord, above, are out of range of a great majority of would-be buyers.
Boston-area home listings were more likely to be out of a potential buyer’s affordability range than the listings in three-fourths of the country’s largest metro areas, according to a new analysis released last week by Redfin.
Only 4.7% of home listings in the Boston metro areas were considered affordable by Redfin’s metrics, which means a typical monthly mortgage payment is no more than 30% of the local median household income.
WATCH ANYTIME FOR FREE
 |
Stream NBC10 Boston news for free, 24/7, wherever you are. |
More on this story from Boston Business Journal
Get updates on what's happening in Boston to your inbox. Sign up for our News Headlines newsletter.
Copyright Boston Business Journal
