It's hard to shop for a house if you can't find the house. It would therefore be easy to blame Boston's weak home sales on record snow, but the latest numbers for January closings represent November and December buyers, well before the big snow hit. We'll blame March closings on the snow.
Sales of existing homes in January were down 17 percent from a year ago, according to the Greater Boston Association of Realtors. That has more to do with extremely tight supply than anything else. The number of listings in January was 24 percent lower than a year ago, and that pushed the median sale price higher by 3.4 percent.
"There are only nine condos on the market in all of Beacon Hill," said P.T. Vineburgh, a real estate agent with Charlesgate Realty Group. "Anything that comes on the market gets multiple listings and sells for above asking."