I must say, this recent article from the Greater Boston Association of Realtors took me by surprise:
Single-family home and condominium sales both set new records in October in the Boston metro area, while new listings inched upward, according to the Greater Boston Association of Realtors.
Single-family home sales were up 36.9% from September with 1,433 homes sold. That’s a record for October, besting the most recent high of 1,137 in October 2003.
Condominium sales were up 9.3% from the previous year to 949 units sold, breaking the record of 873 condominiums sold in October 2014.
Dwindling supply and heightened competition pushed the median selling price by 18% over last year to an all-time high of $700,000 in October.
The median sales price in the condo market increased 4.6% from October 2019 to $575,000.
Filed Under: Good News for downtown Boston real estate sellers