View of Downtown Boston and skyline from Piers Park, East Boston.

The median selling price for single family homes in Greater Boston reached $825,000 last month. | Photo by @rickinmarblehead

Boston’s recently hot real estate market is starting to show signs of cooling off. While we had a sizzling seller’s market and tons of buyer demand earlier this year, housing sales in Greater Boston are now beginning to normalize.

For those hoping to dip their toes in the home buying waters soon, it helps to know what trends to expect. Put on your floaties, and let’s hear what the local experts predict.

Look out for the shores 🏡

Kate Johnson, Senior Vice President of Compass, thinks homebuyers around Greater Boston will continue to opt for the suburbs over the next 12 months. That means areas in the South and North Shores could see heavy house buying activity, especially those purchasing second homes in coastal communities like Hull and Scituate.

While median home prices for single-family homes in Boston are well above $800,000, areas like Weymouth and Quincy are in the $500,000-600,000 range — and, likewise, bidding wars could heat up all over.

Don’t give up on Boston 🏡

Buyers hoping to find areas with less competition may want to think about getting a sweet pad in Boston proper.

“Because of the inventory accumulating and a lot more density with larger condo buildings, there’s definitely going to be less competition for individual units,” said Daniel Duval, Managing Partner of Elevated Realty. “There are more opportunities [in the city] for buyers to get in early on a new construction project where they have a little bit of leverage.”

Worth it to wait? 🏡

It might be. Duval said he is advising his clients who don’t have to sell or buy right now (especially those moving from the city to the ‘burbs) to wait it out.

“At the end of the day, I don’t think listing prices have caught up to where [interest] rates are,” he said. “Once that evens out a little bit, I think there will be better opportunities for buyers, specifically in some of the suburban neighborhoods.”

MORE HOT REAL ESTATE TIPS

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EVENTS

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Today

2022 Mass Black Expo | Fri., Sept. 23-Sat., Sept. 24 | 8 a.m.-6 p.m. | Boston Convention & Exhibition Center, 415 Summer St. | $25 | Grab tickets to the Commonwealth’s premier event for showcasing Black businesses, organizations, and allies committed to closing the state’s wealth gap.
Queer Crafts | Fri., Sept. 23 | 4-5:30 p.m. | Newton Free Library, 330 Homer St. | Free | Join other LGBTQ+ teens to make pennants out of felt, hang out, and have fun in a welcoming space. 🎨

Saturday

Open Streets Dorchester | Sat., Sept. 24 | 9 a.m.-3 p.m. | Dorchester Avenue | Free | Freeport Street to Gallivan Boulevard will be closed to cars for walking, rolling + biking alongside neighbors.
Xperience Boston Arts & Music Festival | Sat., Sept. 24 | 2-10 p.m. | Underground at Ink Block, 90 Traveler St. | $59+ | The second to last day of Boston Cannabis Week features performances from Commoner, Curren$y, and The Alchemist. 🎤
Fall Festival | Sat., Sept. 24 | 12-5 p.m. | Broadway, Revere | Free to attend | The open street festival along Route 107 features a beer garden, live music, local vendors + a family zone. 🍂
Jake Owen | Sat., Sept. 24 | 5-10 p.m. | Big Night Live, 110 Causeway St. | $100 | Support the Greg Hill Foundation while enjoying a show from one of country music’s best — Annie Brobst and Spencer Crandall will open.*

Sunday

Oktoberfest Fun Run | Sun., Sept. 25 | 10:30 a.m.-1:30 p.m. | Lamplighter Broadway, 284 Broadway, Cambridge | $15 | The race begins at 11 a.m. for this 21+ event. 👟
Harvard Square Open Market | Sun., Sept. 25 | 11 a.m.-5 p.m. | New England Open Markets, Church Street, Cambridge | Price of purchase | Shop 45+ local vendors at this seasonal market.

Wednesday

Panic! At The Disco | Wed., Sept. 28 | 7 p.m. | TD Gardens | Prices vary*

We have a monthly guide filled with events + activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

For tickets to local and regional events, check out our 6AM Tickets resale marketplace.*

100+ MORE EVENTS

TECH

One robot with unlimited potential in Boston?🤖

Most robotic automation is complex and expensive, but Ally Robotics programming-free robots represent a step forward for affordable automation. | GIF provided by Ally Robotics

Did you know? Your next order at your favorite fast food restaurant could be cooked by an AI-powered robot.

That’s because Ally Robotics created a programming-free robot that learns by watching humans to solve the $300 billion fast food industry’s biggest problem: the labor shortage.

Now, they’re inviting Bostonians to invest in the growing business as these bots expand to other industries (think: construction and agriculture).

Invest by Thurs., Sept. 29 to get a piece of the (automated) pie.*

INVEST

NEWS NOTES

Weather

59º | Cloudy | 0% chance of rain

Announced

The Prince and Princess of Wales confirmed their visit to Boston this winter for the Earthshot Prize Awards Ceremony. The royal pair will make an appearance at the JFK Presidential Library and Museum in Dorchester on Fri., Dec. 2. (Boston Globe)

Development

Developers broke ground on a new $500 million life science lab at Boston Landing in Allston-Brighton yesterday. The nine-story, 350,000 sqft building will be at 60 Guest St. between the Bruins + Celtics practice facilities. (Boston Globe)

Sports

Celtics head coach Ime Udoka is expected to receive a one-year suspension for “violating organizational guidelines.” Assistant coach Joe Mazzulla will reportedly take over for the upcoming season, which starts on Sun., Oct. 2 against the Charlotte Hornets. (Boston Globe)
The Bruins announced a multi-year partnership with Rapid7 — a locally headquartered cybersecurity company — as the team’s official jersey patch partner. Beginning with the 2022-2023 season, the Bruins will wear a Rapid7 logo on the right chest of all jerseys. 🏒

Stat

64%. That’s the increase expected for Massachusetts residents’ electric bills this winter. National Grid expects the average bill to increase from $179 last winter to $293 this year due to higher natural gas prices. Learn how to manage your bill + save energy. 💸 (NBC 10)

Travel

Back Bay Logan Express will resume bus service for the fall starting on Mon., Oct. 3. The airport transportation service will cost $3 from Back Bay + will be free from Logan Airport into the city. (7 News)

Transit

Out with the old, in with the new. The MBTA has begun disposing of old Orange Line train cars at Wellington Yard, and will replace them with a fleet of 152 new state-of-the-art cars. (NBC 10)

Seasonal

If you’re on the hunt for an apple cider donut or two this fall, check out this map of 250+ donuts around New England. The interactive tool from local designer Alex Schwartz is separated into fresh and hot donuts + pre-made treats. 🍎

Shop

Time to feel the fall breeze + enjoy the autumn leaves with the Fall For Your City Sale happening now on Six & Main, BOStoday’s online shop. Take 20% off the entire Fall For Your City Collection now through Sun., Sept. 25.

Community

Show your support for local journalism by joining the BOStoday membership program. Membership has some awesome perks like exclusive birthday deals, discounts from our online shop, Six & Main + more. Plus, 100% of membership funds help support our local editors — that’s us, Jessica + Sara. Learn more + sign up. 💻

Wellness

There’s nothing worse than tossing and turning because you can’t fall asleep — especially when you have a big day coming up that you won’t be well-rested for. If you’re looking for a natural solution to help you fall asleep faster, sleep deeply + wake up refreshed, this supplement can help. Use code code 6AM for 20% off.*

Content marked with an * is brought to you by our advertising partners and helps make this newsletter free.

Business

Stroll along the Main Streets 🛣️

Holding up a program reading "Foodie Crawl"

City Editor Sara volunteered at this week’s East Somerville Foodie Crawl. | Photo by the BOStoday team

As big fans of supporting local businesses, we thought we’d share about the Main Streets network in our city.

The National Main Street Center was established in 1980 to address issues facing historic downtowns across the country. Three years later, Thomas Menino (City Councilor at the time + former Boston mayor) brought the initiative to Roslindale.

Now, there are 20 different neighborhood districts — including Allston Village and Chinatown — that are getting down to business and supporting Boston’s mom-and-pop shops.

Each district hosts community programming (think: farmers markets, comedy nights, and foodie events like Roxbury Restaurant Week + Taste of Eastie).

The network also provides business resources like design services for restoring storefront signs + a women entrepreneurs program.

For those just north of Boston, don’t worry — there are neighborhood groups in East Somerville + Union Square.

Pro tip: head to the website of your closest Main Street to find upcoming volunteer opportunities.

THE WRAP

	Today’s issue was written by City Editor Sara. Editor’s pick: Are there any Sams or Samanthas reading this? Boston Beer Company is celebrating Samuel Adams’ 300th birthday (Sept. 27) with a free beer for 300 people who share a name with the founding father. 🍻 Enter the sweepstakes on the big day, and winners will be selected on Sept. 28. Missed yesterday’s newsletter? We rooted around to find Boston’s plan to enhance our local tree canopy.
Read More

Connect with us.

Editorial: Jessica Burton, Sara Frazier, Sarah Leonhardt, Erin McPherson, Ashlea Hearn, Emily Shea | Send us a scoop, question, or feedback.

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