Surprising no one but myself, it turns out I used inaccurate data when reporting condo sales in Boston, in June.
I really don’t know how this happened, since I was simply using information I pulled from LINK. They did have a major software upgrade last month, and apparently, this led to some bugs in the system. Perhaps they hadn’t put in all the June data.
I don’t know. But, I do apologize for being wrong. I was wondering why no one else was reporting this!
Corrected data, follows:
Number of condo sales, June 2004: 683
Number of condo sales, June 2005: 693
Average price, June 2004: $502,528
Average price, June 2005: $523,299
Median price, June 2004: $389,000
Median price, June 2005: $418,000
Average $/SF, June 2004: $480
Average $/SF, June 2005: $516