Boston Falls Short in Zillow's 2026 Housing Market Forecast
Zillow has announced its forecast for the hottest housing markets in the US, and while Boston made a significant leap from last year's No.16 ranking to this year's No.7, it still trails behind two neighboring cities: Hartford, Connecticut, and Providence, Rhode Island.
The top spot goes to Hartford, which saw inventory levels plummet 63% below pre-pandemic levels, a testament to strong buyer competition. With prices rising by 4.3%, Hartford is now the fastest-growing major metro in the country. In contrast, Boston's home values grew at a slower pace of 1.2%.
Providence, meanwhile, dropped from No.3 to No.4 but still boasts higher home values and faster growth than its Massachusetts counterpart. The Providence metropolitan area saw a 2.5% year-over-year increase in home values, while Boston's was 1.2%.
Zillow chief economist Mischa Fisher notes that "affordability is all-important" in the current market, and any improvements will depend on location. With mortgage rates expected to rise to 6%, buyers will need to act quickly to tap into the resources they have.
The report highlights Hartford's advantages over other major metros, including Buffalo (No.2) and New York City (No.3). The study ranks cities based on three factors: home price growth, market competition, and job growth related to each new home permitted.
For buyers looking to succeed in these fast-moving markets, it will require a well-coordinated strategy that leverages their team of experts, technology, and financial assistance.
Zillow has announced its forecast for the hottest housing markets in the US, and while Boston made a significant leap from last year's No.16 ranking to this year's No.7, it still trails behind two neighboring cities: Hartford, Connecticut, and Providence, Rhode Island.
The top spot goes to Hartford, which saw inventory levels plummet 63% below pre-pandemic levels, a testament to strong buyer competition. With prices rising by 4.3%, Hartford is now the fastest-growing major metro in the country. In contrast, Boston's home values grew at a slower pace of 1.2%.
Providence, meanwhile, dropped from No.3 to No.4 but still boasts higher home values and faster growth than its Massachusetts counterpart. The Providence metropolitan area saw a 2.5% year-over-year increase in home values, while Boston's was 1.2%.
Zillow chief economist Mischa Fisher notes that "affordability is all-important" in the current market, and any improvements will depend on location. With mortgage rates expected to rise to 6%, buyers will need to act quickly to tap into the resources they have.
The report highlights Hartford's advantages over other major metros, including Buffalo (No.2) and New York City (No.3). The study ranks cities based on three factors: home price growth, market competition, and job growth related to each new home permitted.
For buyers looking to succeed in these fast-moving markets, it will require a well-coordinated strategy that leverages their team of experts, technology, and financial assistance.