Boston condos

Boston condos

As they say: Yikes.

From the Warren Group:

A total of 5,925 single-family homes sold in Massachusetts in August, up from 5,204 sales in August 2012. This is the third time sales have surpassed the 5,000 mark this year. Year-to-date sales are up more than 5 percent at 33,523, compared to 31,851 during the same period a year ago. …

The median price of a Massachusetts single-family home increased 10.6 percent to $340,000 in August, up from $307,500 a year earlier.  …

In August, condominium sales statewide increased 2.5 percent. A total of 2,512 condos sold in August, up from 2,450 a year ago. This is the highest number of condo sales for any month since August 2007. …

The median condo price rose 14.7 percent in August to $319,950, up from $279,000 a year earlier.

No need to explain why this is happening, except to say:

File under: Low inventory, high demand

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Boston condos

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Updated: January 2018

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