Boston condos

Boston condos

Blame it on low inventory.

For the second month in a row, single-family home sales in Massachusetts fell in March, by 3.6 percent, while median prices rose by 8 percent to $285,000, according to the Warren Group.

The same pattern held for condos: Sales down by 2 percent, while prices rose by a more modest 1.5 percent to $261,000, the Warren Group said.

The company’s editorial director made the obvious observation: High demand plus low supply = higher prices. The head-scratcher is trying to figure when more sellers might jump the market. Otherwise, this is now classic economics at work.

File under: Economics 101

View Back Bay condos for sale and rent.

Boston condos for sale:

Back to Boston condos for sale homepage

Contact me to find out more about this property or to set up an appointment to see it.

Boston condos

Boston condos for sale

SEARCH FOR BOSTON CONDOS FOR SALE

For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

Comments

comments

Call Now