July sales of single-family homes and condominiums in Greater Boston continued to lag behind 2019 numbers, but the median sales price continued to climb, according to the Greater Boston Association of Realtors.
Boston Condos Sales are down
Year-over-year condo sales were down as well, dropping 7.5% from the previous month to 1,082 units sold. Sales were up a whopping 39.4% from the previous month.
Median Real Estate Sales Prices
Median prices continued to rise for single-family homes, up 6.9% from July 2019 to a record high of $700,000. That figure also was up from the previous month, climbing 3.1%. The median price for condos also increased slightly in July (2.2%), to $592,750
Active Boston Condo Listings
Active listings rose for the condo market, jumping 18.3% from a year ago in July to 2,742. Condo listings were up 9.2% from the previous month.
July’s market was so hot that single-family homes got their first double-digit increase in new listings in five months.
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