Boston Condos for Sale in 2021

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Boston Condo Market

The number of closed sales increased in all reporting areas from a year ago, with double-digit increases for all markets except Boston condos. Notwithstanding these unusually high sales numbers, severe inventory shortages continued; the inventory of homes for sale dropped by double-digit percentages from a year ago in all reporting markets except Boston condos. The lack of inventory and high buyer demand continued to put upward pressure on prices and, once again, the median sale price rose in all markets, with double-digit increases for single-family homes. Contacts expected this “buying frenzy” to continue through the winter months. The Massachusetts contact again mentioned movement from urban areas to suburban and rural areas, and the Maine contact noted a substantial influx of out-of-state buyers.

For more information about District economic conditions visit: www.bostonfed.org/regional-economy

Boston Condos for Sale in 2021

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