What’s going on here? Are we up? Are we down?
Well, dig down into the actual numbers from LINK via Suffolk Registry of Deeds and you’ll find that, yes, 2010 first four months, Boston condos sales are up compared to 2009.
Boston Condo Sales 1/1/09 – 5/1/09
Number of Boston condo sales – 993
Avg Boston condo sales price – $413,269
Med Boston condo sales price – $368,250
Boston Condo Sales 1/1/10 – 5/1/10
Number of Boston condo sales – 1,252
Avg Boston condo sales price – $498,420
Med Boston condo sales price – $446,000
And any economist will tell you: year to year comparisons are more meaningful than month to month data, which tend to be more volatile.
Boston condo sales 5/1/08 – 4/31/09
Boston condo sales – 4,638
Boston avg. condo sales price – $521,500
Boston med. condo sales price – $499,500
Boston condo sales 5/1/09 – 4/31/10
Boston condo sales – 4,725
Boston avg. condo sales price – $463,035
Boston med. condo sales price – $500,000
What are your thoughts?
