Scott thinks the condo bubble has arrived:
The median condo sale price across the state appears to have hit a new record in August, weighing in at nearly $320,000, The Warren Group reports this morning.
That smokes that last high water mark, set back in August 2005, when the median price of a condo in Massachusetts reached $290,500.
The idea that condos are blowing past their bubble-years price records also holds up when you look at the numbers over a several month stretch. That’s generally a more reliable indicator than just comparing one month to another.