Boston condos for sale: March Madness

Forget about March Madness. This has become March Gladness for Boston condo buyers.. It’s good news for Boston condo for sale buyers and Realtors. The number of active listings rose from February. While it’s not uncommon for the inventory to rise as the spring season kicks in, the increase was nice to see, and much needed. 

One area that showed a big improvement is luxury homes, or those priced at $1 million or more. At this time last year, the market was saddled with almost a 10-month supply of luxury homes. Since then, the inventory for Boston Seaport condos priced over $1,000,000 has dropped to only 61 days-on-market. While this change is a big drop, those shopping for high-end homes still have a lot of choices, compared to any other price point. In fact, the luxury market has the largest segment of inventory than any other price point.

Meanwhile, Boston condos for sale, priced under $500,000 is in short supply. If you’re in this market and have been waiting for home prices to drop before you buy, reconsider that strategy, especially for Boston condos for sale under $500,000.

Conclusion

The March and first quarter statistics are showing that even with a rising inventory, prices continue to rise, a testament to strong demand in a growing economy. If you wait to buy, you are likely to be faced with higher prices and higher interest rates as the Spring market gets into full swing.

View the newest Boston condos for sale – Today


Sorry we are experiencing system issues. Please try again.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

Comments

comments

Call Now