Monthly condominium sales and median prices declined by double-digit percentages compared to a year ago. Condo sales plummeted 22 percent to 1,567 from 2,010 in May 2008. May was the seventh consecutive month that monthly condominium sales were down by more than 20 percent year-over-year. A total of 5,545 condos traded in the first five months of the year, down 26.6 percent from 7,553 last year.

The median condo price slipped 10.4 percent to $257,000 in May from $287,000 during the same month last year. It was the smallest year-over-year drop in monthly median home prices in the last seven months. Year-to-date, the median condo price has fallen 13.3 percent to $235,000 from $271,000.

It should be noted that this is based on condo sales for the entire state.

Source: Banker & Tradesman

Author Profile

John Ford
John Ford

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.


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.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
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



Call Now