Greater Boston’s housing market loses a bit of its heat
The Greater Boston housing market may finally be hitting a ceiling.
The number of homes sold in the region fell in August for the first time in a year, according to figures from the Greater Boston Association of Realtors, while prices for single-family homes grew at their slowest clip in six months. Both are signs, real estate experts say, that buyers may be pressing pause.
“It feels like we’ve been in a nonstop sprint for much of the past year, but the market is now getting a chance to catch its breath,” said association president Dino Confalone, an agent at Gibson Sotheby’s International Realty in Cambridge. “There’s been a bit of softening in demand over the past 8-to-10 weeks as some buyers have opted to take a break from the market due to affordability issues or to pursue summertime activities.”
To be clear, the market is still brutal for buyers.
The median price for a…