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Boston downtown real estate sales data 2020

With Thanksgiving upon us, the Boston downtown real estate market looks towards the holiday season and the start of the 2021 market. Below, is the Boston downtown real estate market updated sales data which was compiled from the Boston, Massachusetts Multiple Listing Service.

Greater Boston’s housing market remained red-hot in October, with prices surging and the number of sales at record highs. All except for in one place: downtown.

The recent split between increased sales of single-family homes in the suburbs and declining sales of urban condominiums ― particularly high-end luxury condos in the core of Boston ― became more marked as the fall housing market hit its peak. The widening gap highlighted the premium home buyers are putting on space during the COVID-19 pandemic, as opposed to wanting a relatively small perch in the heart of the city.

Boston Real Estate and the Bottom Line

Figures released Monday by the Greater Boston Association of Realtors show sales of single-family homes in the region rose 37 percent in October compared with the same period last year, with the median price hitting $700,000, easily a record for the month and up 17 percent from October 2019.

Condo sales jumped, too, as did the median price ― a 4.6 percent increase to $575,000, also a record for the month.

Source: Boston Globe

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