Click chart to enlarge.
Boston condo price change summary
Total number of Boston condos with price reductions in the last three months: 1,167
The average Boston condo price change in the last three months: -6.41%
Total reduced dollar amount in Boston condo list prices: $2,555,000.00

Earlier today, Trulia.com came out with a report regarding U.S cities with real estate “asking price” reductions. The report compared price reductions in April 2009 with April 2010. Here are the results for Boston:
April 2009 28% of listings had a price reduction.
April 2010 26% of listings had a price reduction.
The average price reduction in [...]

From the Boston Herald:
The decade began sweetly as sales of single-family homes and condominium set records. But it ended on sour note.
“We experienced a dramatic housing boom from 1999 through 2005,” said Harold Petersen, an economics professor at Boston College. “But the housing debacle has driven sales down to their lowest levels in years.”
While [...]

Here’s a question. Should real estate agents provide an “Irrational asking price index”? This would be an index that represents the difference between what a seller hoped that they would get for their home, and what they actually obtained after months of price reductions. If you’re a seller perhaps a better name would be the [...]

From the Boston Globe:
For Americans debating whether to buy or rent their homes, the scales are tipping toward ownership. Because of the slide in home prices, low interest rates, and tax incentives, renters are realizing they could handle a mortgage for a just little more money.
An Associated Press analysis of 45 metro areas finds the [...]

I, like many individuals out there, have a hard time really wrapping my brain around large numbers. This isn’t to say that I can’t do math, just that after a certain denomination, I tend to lose sight of the impact that such large amount of money can have. So when Fannie Mae recently reported that [...]

So depressed by 2009 1st Q Boston condo sales results. Real estate agent jumps off a 3 ft bridge with his Sunday Open House Ballons

Are the lower one million dollar range buyers/sellers feeling the financial pinch?
Number of condo sales from $1,000,000.00 to $1,399,000.00
4th quarter 2007 number of Boston condos sold - 30
Average price per sq ft. – $741.00
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4th quarter 2008 number of Boston condos sold – 23
Average price per sq ft. – $682.00

Boston condo price reductions in each Boston neighborhood for the first 10 days of  January 2009.
Back Bay number of price reductions – 5
Beacon Hill number of price reductions – 1
Charlestown number of price reductions – 6
Fenway number of price reductions – 0
Jamacia Plain number of price reductions – 3
Midtown number of price reductions – 0
North End [...]