Not every Boston condo flew off the shelves in the 4th quarter of last year—especially when it came to homes listed for $1M and above.
Sellers withdrew 299 condos in the last 3 months with an average list price of $1,688,659. More than half of the withdrawn listings were $1M or more, and they spent an average of 109 days on the market.
For whatever reason, buyers didn’t materialize for these condominiums. Perhaps it was the holidays which is normally a slow period in the Boston condo market.
In the last 30 days alone, withdrawn listings inched up to 109 with the most common price range between $1.5M-$2.5M, and there were many newly renovated homes in higher price ranges that failed to snag buyers as well.
I’m already seeing homes pop back on the market that sellers withdrew in late 2017. Maybe 2018 will move these properties into the hands of happy buyers.
Below are the newest listings that came on the market today. Priced from $500,000 – $10,000,000
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Updated: January 2018