f you’re looking for signs of a negative economic impact from coronavirus, you won’t find it in Greater Boston’s luxury high rise condo market.
The global pandemic effectively shut down the bulk of the Massachusetts economy in late March, as state and municipal leaders recommended combatting the spread of the virus with social distancing and shelter-in-place orders. But luxury home buying surged in the months following the outbreak in Greater Boston.
There was a 217 percent increase in sales of $1 million-plus homes in Boston’s urban core — Boston, Cambridge, Brookline, Chelsea, Somerville, and Revere — from March 23, when Governor Charlie Baker issued a stay-at-home order, through June 26, according to a Multiple Listing Service search.
Source: Boston Globe
