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Ford Realty – Boston Real Estate Google Reviews 2000 – 2025

Back Bay Condos – Asking Price

Back Bay Condos – Asking Price

Boston Condos for Sale

Back Bay Condos – Asking Price

Ford Realty Beacon Hill – Condo for Sale Office

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Ford Realty – Condo for Sale Office

Back Bay Condos – “Asking Price”

There’s no doubt about the fact that the Boston condo for sale market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your Boston Back Bay condo?

Why Today’s Boston’s Back Bay Condo Market Is Different

During the pandemic, sellers could price their homes higher because demand was so high, and supply was so low. This year, things are shifting, and that means your approach to pricing your house needs to shift too.

Because we’re seeing less buyer demand, sellers have to recognize this is a different market than it was during the pandemic. Here’s what’s at stake if you don’t.

Why Pricing Boston Back Bay Condo at Market Value Matters

The price you set for your house sends a message to potential buyers. If you price it too high, you run the risk of deterring buyers.

“. . . the share of listings with a price cut was nearly double its year ago level even as it remains well below pre-pandemic levels.”

Not to mention, pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested in purchasing it. This helps lead to stronger offers and a greater likelihood it’ll sell quickly.

Why You Still Have an Opportunity When You Sell Today

Rest assured, it’s still a sellers’ market, and you’ll still get great benefits if you plan accordingly and work with an agent to set your price at the current market value. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

“Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.”

Mike Simonsen, the Founder and CEO of Altos Research, also notes:

“We can see that demand is still there for the homes that are priced properly.”

Boston condos for Sale and the Bottom Line

Home priced right are selling quickly in today’s real estate market. Let’s connect to make sure you price your house based on current market conditions so you can maximize your sales potential and minimize your hassle in a shifting market.

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