Market Leaders Profile: Boston

Data and information on the Boston remodeling market

September 30, 2009



Population: 4,522,858 (3 percent increase since 2000)

Existing home sales: Q2 2009 sales were down 13 percent from 2008, but up 104 percent from Q1

Home prices:

  • Down 5.9 percent from 2008
  • Down 16.3 percent from September 2005 local peak
  • Down 9.4 percent over last 5 years
  • Up 62 percent over last decade

Homeownership rate: 65.2 percent (No. 48 among major metros)

Median household income: $66,870

Local unemployment rate: 8.4 percent (up from 5 percent in 2008)

Sources: Greater Boston Association of Realtors, S&P/Case Shiller Home Price Index U.S. Bureau of Labor Statistics, U.S. Census Bureau

RELATED LINKS

Boston Globe: Region shows signs of rebound 



Boston Globe: Home prices, sales on rise in Boston area 



The Corner Office: F.H. Perry Builder 



Peter Feinmann of Feinmann Inc. on Making Small Projects Work

2007 Innovators: The Wiese Co.

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