Did Boston Back Bay condo prices decrease in 2025?
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Did Boston Back Bay condo prices decrease in 2025?
Back Bay condo prices did not decrease in 2025; in fact, the neighborhood experienced “record-breaking luxury appreciation” during the third quarter. While prices showed some fluctuation throughout the year, Back Bay remains a strong luxury market, commanding some of the highest prices in the city.
Specific market movements in 2025 included:
- Continued luxury status: Back Bay properties consistently held their value, with median prices often over $1 million.
- Seller’s market: In July 2025, the market was described as favoring sellers.
- Variable median sale prices: Reports showed varying median sale prices depending on the time of year, with one report noting a median of $1,905,000 in February and another indicating $1,200,000 in June. These figures reflect the market’s dynamic nature rather than a steady decline.
- Slower pace for luxury: Condos in the city, including luxury properties in Back Bay, generally spent more time on the market compared to the faster-moving suburban areas.
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