Okay, lets dive int my predictions for the Boston condo for sale market in 2025

There are several reasons why I think the Boston condo for sale inventory will surge in 2025. It will be due to several causes contributing to more condominiums for sale, and all combined it may look like a flood in some areas.

Been Trending That Way in 2024 – The inventory this year has been more than last year, making it look like we have already hit bottom, and the number of listings will keep growing.

2024 Leftovers – We have numerous Boston condo for sale listings waiting until 2025 to not sel or notl (If they adjust their asking price).

More Baby Boomers Are Dying – According to the CDC, the number of deaths per year in the U.S. has been steadily increasing, in part because of the Baby Boomers’ advancing age (that would include me). Estimates suggest that Boomers will account for millions of deaths over the next two decades as they continue to reach their 80s and beyond. There were 1.6 million boomers who died last year, and the number will be above two million by the year 2030.

Inheritance – Those who have already inherited a home from their parents or grandparents. the old family homestead needs work and/or the other siblings want their dough. Renting the house triggers the higher property taxes, so that’s no longer a viable choice. More of these will decide to sell instead.

Politics – The 49% who don’t have the election go their way, will threaten to move to cure their ills. Most won’t actually get around to it, but I’m guessing more will move than before.

Debt – In 2023, total U.S. credit card debt surpassed $1 trillion for the first time, reflecting a significant increase over pre-pandemic levels. More homeowners in that group will throw in the towel and finally decide to sell the house to lighten the load, and move out-of-state where they can live the rest of their life on their home-sale proceeds.

There is enough demand to soak up all of the additional inventory – but at what price?

Peace be with you