So the numbers are in, Boston condo sales have slowed down so far in 2018. That being said, we’re still seeing a small rise in pricing, especially in Beacon Hill and Midtown condos, although nowhere near the double digit growth patterns that we’ve been seeing year over year since 2011.
Boston Real Estate is no exception. According to a recent article on cnbc.com, Boston Real Estate sales volume dropped.
It appears that with lending conditions still tight, and prices still rising, “on the fence” Boston condo home buyers are not able to make their dollar stretch far enough to purchase. The median price of a home in Boston did rise year over year, meaning that although slower than previous years, Boston Real Estate is still a strong investment option.
For more information about the Boston Real Estate market, or for a free consultation of your home’s current value, feel free to reach out to us anytime. We look forward to helping you find your next home.
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