Boston Real Estate for Sale

The collapse of the Boston real estate market? (No, just a slowdown)

The collapse of the Boston real estate market? (No, just a slowdown)

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We keep hearing that Boston condo for sale inventory is growing, but what does that mean?

In the traditional way that the Boston media reports it, a growing inventory means that there are more active listings of homes for sale.  The assumption is made that this is ‘good’ and ‘getting back to normal’.

But if they would look deeper, they would realize that a growing inventory of active listings means downtown Boston real estate listings aren’t selling.  In almost every case, it’s because they are over-priced.

If the downtown Boston real estate market hits stall speed, where buyers aren’t willing to pay whatever it takes just to buy something, then a slowdown is in order.

Here is my hypothesis why a ‘slowdown’ for the rest of 2020 and the first 3 months of 2021 would be great and set the stage for an incredible Spring, 2021.

1. Downtown Boston Real Estate Slowdown Means Price Adjustments

For the last 12 months, the sky has been the limit for sellers, who put any price on their home and buyers paid that or more – often waiving the appraisal contingency.

With over-priced homes not selling, we’ll have additional pricing parameters.

2.  Downtown Boston Real Estate Slowdown Means More Competition Between Sellers.

In areas where a few motivated sellers might be doing the stare-down, an old fashioned price war could break out.

With prices having gone up 20% to 25% in the last year, sellers who need to sell might take a little less to get it done, and still call it a win.

3. For Boston Condo Sellers a Slowdown Re-engages the Boston Condo Buyers.

The buyers who have been turned off by the frenzy will enjoy seeing more inventory lying around – and keep the demand healthy.

4.  Slowdown gets the attention of Downtown Boston Real Estate Brokers

Realtors have gotten away with sloppy pricing this year, but hopefully, that will change once their listings start sitting around.

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Updated: Boston Real Estate for Sale 2020

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