Boston Real Estate for Sale: Know your options
When you’re ready to buy, you’ll need to determine if you prefer the charm of an existing Beacon Hill condo for sale or the look and feel of a newer Midtown high rise condo. With limited existing home inventory available today, especially in the starter and middle-level markets, many buyers are considering a new downtown high rise condos for sale that’s recently been constructed.
Boston Real Estate: New Construction
According to Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB),
“The second half of 2019 has seen steady gains in new construction, and this is mirrored by the gradual uptick in builder sentiment over the past few months.”
This is great news for homebuyers because it means there is additional inventory coming to the market, giving buyers more choices. The most recent data from NAHB shows,
“The inventory of new homes for sale was 321,000 in September, representing a 5.5 months’ supply. The median sales price was $299,400. The median price of a new home sale a year earlier was $328,300.”
Boston Condo Buyer Demand
Another added bonus is that builders are very aware of Boston condo buyer demand in this segment, so they’re now building in a price range where there are more interested buyers.
Bottom Line
If you’re thinking of buying a Midtown condo, you may want to consider a new downtown high rise condo buildings that meet your family’s needs. Let’s get together to discuss the process and review what’s available in our area.
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