Where’s the Midtown high rise condo market? Buyers market? Seller’s market?
There are 43 active listings for Midtown condos priced over $1,00,000, with an average days-on-market of 167 days.
How many high rise condos priced $1M and above closed in the last 30 days?
Four
How many Midtown high rise condos priced $1M and above went under agreement in the last 30 days?
Four
How many Boston Midtown condo brokers pulled their condo off the market in the last 90 days?
Thirteen
I think we can safely call that the Boston Midtown condos for sale market – a buyer’s market.
Boston Midtown Real Estate Issues
- There are very few closed comps from the coronavirus era. Buyers are reluctant to rely on old sales as an accurate reflection of where values are today
- Agents are terrible at quantifying how much the discount should be. Many if not most have only seen a strong seller’s market over the last ten years, and are now just order-takers. When presented with data to justify our price, not one agent could present a rational counter-argument.
