Scott Van Voorhis reported in the Boston Globe:
New condo buildings in downtown Boston are selling, on average, just over one unit a month, according to a new report by PrimeTime Communities, a real estate research and marketing firm that focused on 10 high-profile projects. That’s down from roughly three to four units sold each month during the condo market’s boom period, said Thomas Skahen, cofounder and partner of PrimeTime, which just issued its 2009 Prime Report.
It could be worse. Out in the suburbs, condo projects are selling, on average, just one unit every other month.
Source: Boston Globe