Many prospective Boston condo buyers and real estate market watchers have been waiting for downtown Boston real estate prices to plunge ever since our shelter-in-place went into effect on March 17th. After all, people are reportedly leaving the city in droves, and there’s such a lack of interest in urban dwellings that homeowners will take any price just to get out from under a property that’s steadily falling in value—right?
Wrong. Volume may be down in 2020, but prices certainly aren’t plunging. The Beacon Hill home remains the holy grail, very much in demand. And downtown Boston condos are holding steady, especially units in smaller buildings with outdoor space.