Just 41 percent of homes for sale in Boston are within reach of the average, middle-class family, Trulia finds in a new report.
That’s down from 53 percent a year ago, with affordability taking a big hit amid double-digit price increases.
Looking at Trulia’s numbers, I’d argue that even that number is too rosy.
Trulia uses Boston’s median family income of $66,149 to define middle class, arguing that homes up to $322,000 are within reach.
That’s pretty high for that income — better not have any student loans or day care expenses.
I’d argue a more realistic number is $250,000, which would obviously shrink the pool of available homes even more. Full story for BostonGlobe.com subscribers.
Scott Van Voorhis is a freelance writer who specializes in real estate. For the full Boston Real Estate Now blog, visit www.boston.com/realestate.