There is, however, one thing that may cause the industry to tap the brakes: an overall lack of downtown Boston real estate inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.
Here is a look at what a few industry experts have to say:
“Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices.”
“Market conditions are ripe for increasing home sales with one glaring exception. The supply of homes for sale remains tight, keeping existing home sales below potential.”
“We’re not seeing as many new listings come up on the market…It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we’ve ever seen.”
If you’re thinking of selling your downtown Boston condo, now may be the time. Demand for your luxury condo will be strong during a period when there is very little competition, ideally leading to a quick sale and a great return on your investment.
Today’s newest Boston condos for sale
Sorry we are experiencing system issues. Please try again.