The biggest issue right now is our current lack of Boston condo inventory. We started last year at about 8.4 months of inventory. Today, we are sitting on about a 3.4 months supply. It has become a very good time to sell your Boston condo. With that said, sellers must still price their home correctly. Many sellers still have the mentality that they want to sell their condo at their dream price not going to happen! For buyers, Boston condos that are priced correctly will begin to sell much more quickly. If you see something you like that has been on the market awhile, be patient and watch for price reductions. If your agent is a condo specialist and knows the pricing in the market, be ready to make an offer. Yes, we are starting to see multiple offers again in some parts of town, especially in the low end of the market $500,000 or under.

If you are looking to buy a Boston condo in the near future, your timing couldn’t be better. Prices will begin to rise ( we believe 4-5% a year in Boston, up from the national average of 3.1% that is expected) . Interest rates are still relatively low. Economist believe that by the end of 2019 we will most likely be looking at 5.0 % . What does this mean to you as a buyer. It could be the difference between being able to afford a 2 bedroom unit or a one. It could be the difference  in your payment that could have gone to paying you monthly condo fees.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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