The Boston condos for sale market caught a bit of a breath last month with Boston real estate inventory creeping up last month. New listings also saw a slight gain this year compared to last.
Boston condo inventory
It’s a slight relief for buyers (and potentially disappointing to home seller’s) in a Boston condos for sale market that continues to see an upward trend in median and average home sale prices across the Boston metro region.
Boston job trends
Boston has been following a national trend: as manufacturing and other sorts of blue-collar jobs are pushed overseas, the high-tech industry offers new avenues of employment. But for Bosotn, innovation has been an economic cornerstone for decades. Tech companies like Intel have thrived here because of our sweet-spot combination of available housing and talented workforce.
As Bosotn works to attract more tech businesses, it will be important that the city also puts is energy toward building new Boston Midtown high rise condos.
The innovation jobs will be a good thing for the city’s employment opportunities — a recent study published by Massachusetts economists found that the addition of high-wage jobs also sparks growth around the middle and lower-wage employment brackets, as workers must be added to support the new residents.
Conclusion
Innovation in healthcare, microcomputing, nanotechnology and all the rest is great — as long as Portland also innovates to build new homes in the existing real estate market to help keep housing affordable for everyone.
