My thoughts: I read a comment somewhere that potential Boston condo buyers were going to wait until sales volume had increased to prior years’ levels to show that the market was recovering, and at that point re-enter the market.
First, I don’t think that day will ever come soon. Sales volume in an over-heated market of the past several years was driven by too many people selling to move up after just a couple of years of ownership. I don’t think that’s going to happen again.
Second, does that make any sense? Yes, it’s indicative of the “health” of the market, I guess, but at the same time … do you really want to be competing against all those people, once again, for the “good” listings?