The following are a list of Boston proper condo price changes (reductions) for the month of August 2011:

Back Bay condos – 1
Beacon Hill condos – 1
Charlestown condos – 1
Midtown condos – 1
North End condso – 0
Seaport condos – 0
South Boston condos – 2
South End condos – 1
The Fenway – 0
Waterfront condos – 0

How do you interpret this low number of price reductions? If you’re a Boston condo seller, you might think we hit an equilibrium and sellers are no longer willing to drop their prices anymore. If you’re a buyer, you might think that Boston real estate agents held off on reducing the sales price until the summer is over. I guess time will tell.

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