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Boston Condo Sales Statistics (Dec 2023 - June 2024)

Charles King

Charlie's real estate career began in 2012 as a rental agent in Boston. After one year of working in the business, Charlie jumped into sales...

Charlie's real estate career began in 2012 as a rental agent in Boston. After one year of working in the business, Charlie jumped into sales...

Jun 11 2 minutes read

The Boston condo market has shown consistent strength over the past six months compared to the same period last year. According to the sales statistics for December 10, 2023, to June 10, 2024, various neighborhoods have experienced solid performance regarding median sale prices and units sold. For instance, Back Bay saw 120 units sold with a median sale price of $1,568,750 and a median price per square foot of $1,410.08, highlighting its strong demand and premium pricing.

Neighborhoods like South Boston and the South End also reflected robust activity with 171 and 146 units sold, respectively, and notable median sale prices and price per square foot values, suggesting sustained interest and investment in these areas.

However, as we approach the summer season, historical trends indicate that the Boston condo market tends to experience a slowdown. This seasonal shift creates advantageous conditions for buyers, offering more opportunities to find desirable properties at more favorable prices. This typical cyclical market behavior presents a strategic window for buyers to move in a less competitive environment.

Overall, the data indicates that the Boston condo market has been performing strongly, but the upcoming summer months could provide excellent opportunities for prospective buyers looking to enter the market or invest in additional properties. To summarize, the market is robust, and the summer slowdown presents a unique chance for buyers to make a move.

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