• Sales and inventory: Total condo sales experienced a slight dip in Q2 2025 compared to the previous year, but inventory remained significantly low. The number of listings increased in July, providing buyers with more options than in previous years.
• Pricing: The median condo price in the greater Boston area saw modest growth overall. However, this figure masks underlying market polarization, as luxury buildings saw an 11% decrease in median price while certain downtown neighborhoods saw a 20% increase. The overall median price for condos was $725,000 in June, a 3.3% decrease from the previous year, with July dipping even lower to $699,500.
• Days on market: The median time on the market for condos increased year-over-year, rising to 23 days in July.
• Interest rates: A cooling of mortgage rates earlier in the year brought some buyers back to the market, but rates remained a key factor shaping demand. Many homeowners with low rates are opting to stay put, which has limited the supply of condos. 

Neighborhood-specific trends

• High-performing areas:
  • South Boston: The city leader in sales volume, with prices up year-over-year.
  • Fenway/West End: Saw significant increases in both sales volume and average price.
  • Downtown: Experienced notable gains in median sale price despite a dip in sales volume.
  • Charlestown: Remained highly competitive with low days on market and a median price crossing the $1 million mark.
• Luxury and cooling markets:
  • Luxury properties: Condos in luxury buildings saw a drop in both sales and median price.
  • Seaport: Faced the largest drops in median and average sale price, though the area continues to command premium prices and appeal to luxury buyers.
  • East Boston: Prices have cooled from their 2022 peak, though demand is steady for properties with desirable views.
• Affordable options:
  • Dorchester
    Roslindal
    West Roxbur
    Allston/Brighton

    Offered more accessible price points and remained popular with first-time buyers and younger buyers. 

Factors to watch

• Zoning reform: Boston is preparing a major zoning overhaul that could significantly increase the housing supply in the coming years. If passed, this could impact prices and development patterns in the long term.
• Future interest rates: Any further changes to the Federal Reserve’s interest rates could significantly shift buyer activity and pricing.
• Fall market: Many expect a busy fall market as buyers who were sidelined over the summer re-enter the market. 

Peace be with you

Click to View Google Reviews

Updated: Boston Real Estate 2025