There is old folklore that one of the things that were inhibiting Lewis and Clark’s discoveries into the west was the high mountain peeks’ surrounding the Snake River. But in reality, the major obstacle was the crossing of the Snake River itself.
In today’s Boston condo for sale market, some think the mountain peeks of rising interest rates are causing the slow down of sales. Yet in reality, our Snake River in the Boston condo market are the listing prices of Boston condos for sale targeting first-time home buyers.
Unless we address these tough market currents, I fear the Boston condo market for the remaining of 2022 could end up being stalled in a river called “Buyer Uncertainty.”