Pricing Nation Econometrics forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will increase by 1.74% through the next twelve months. Some of the drivers of local change include average weekly wages and homeowner vacancies. While there is a decline in supply (52.4% decrease in vacancies from Q3 to Q4 2012), there is not much improvement in the average weekly earnings (0.42% increase from Q3 to Q4 2012), which suppresses growth.
A table with the top 5 biggest increases and decreases per average home value per zip code can be found below. The Pricing Nation Econometrics Heat Map (also below) visualizes how the average home prices will vary across zip codes in the Boston MSA. Pricing Nation Econometrics is a division of Pricing Nation LLC, and more information can be found at www.pricingnation.com.
As the “Most Reliable Real-Estate Forecasting Company,” we strive to consistently provide the most accurate, relevant, and transparent real-estate data. In fact, as of July 2012, our forecast results have been less than one point away from actual results as reported by Case-Shiller. Visit www.pricingnation.com to access your free Neighborhood Report and consult a Home Investment Report Card with home value forecasts for your home.