Boston downtown real estate sales data Fall 2020

Greater Boston’s housing market remained red-hot in October, with prices surging and the number of sales at record highs. All except for in one place: downtown.

The recent split between increased sales of single-family homes in the suburbs and declining sales of urban condominiums ― particularly high-end luxury condos in the core of Boston ― became more marked as the fall housing market hit its peak. The widening gap highlighted the premium home buyers are putting on space during the COVID-19 pandemic, as opposed to wanting a relatively small perch in the heart of the city.

Boston Real Estate and the Bottom Line

Figures released Monday by the Greater Boston Association of Realtors show sales of single-family homes in the region rose 37 percent in October compared with the same period last year, with the median price hitting $700,000, easily a record for the month and up 17 percent from October 2019.

Condo sales jumped, too, as did the median price ― a 4.6 percent increase to $575,000, also a record for the month.

Source: Boston Globe