Comments on: Boston Condo Sales Outpace New Inventory

By: John Ford

John Ford — Sun, 30 Nov 2008 03:28:14 +0000

Condobuyer, your points are well taken. However, many Boston proper condo sellers (including this one) have other options than to lower the price. The rental market is still very strong and short-term condo rentals are a much better deal for a lot of people then to rent a hotel room for a month or so. A Beacon Hill condo short term rental is in high demand being so close to MGH.

By: condobuyer

condobuyer — Sun, 30 Nov 2008 00:16:44 +0000

I think she’ll might have to wait longer than spring. I don’t see Boston’s economic climate taking a drastic turn in 4 months. The financial industry, start ups continue to get hit. Most universities have hiring freezes and potential salary freezes.

By: John Ford

John Ford — Sun, 30 Nov 2008 00:00:57 +0000

Bradley, good point. One of my sellers who owns a studio condo in Beacon Hill pulled it off the market. Her intent is to rent the condo out on a short-term basis and re-list the condo in the spring market at the same price.

By: Bradley

Bradley — Sat, 29 Nov 2008 23:30:14 +0000

I guess sellers are realizing nothing is going to sell so they’re taking their properties off the market.

By: John Ford

John Ford — Sat, 29 Nov 2008 21:34:02 +0000

My point that I’m trying to make is that with all the negative media about the real estate market you would think that inventory would be on the rise not in decline