Where is the Boston condo market heading?

My Boston condo projections haven’t been that accurate in the past, which means my guess of fewer sales shouldn’t be taken as gospel.  Bottom line, Boston condo pricing should keep rising though, due to buyers buying luxury condos and with fewer less expensive Boston condos selling, the median Boston condo price may still rise even though prices in general are stagnant or falling. A combination of Boston luxury condo prices and eroding affordability is expected to cut into the Boston housing demand and contribute to a weaker housing market in 2019.

Conclusion

My predictions, while Boston condo prices will hold next year, interest rates will likely rise and compound housing affordability issues, would-be Boston condo buyers who are concerned that Boston condos prices may have peaked will wait on the sidelines until they have more clarity on where the housing market is headed. This could hold back housing demand and hamper home sales in 2019. Your thoughts?

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