According to the Warren Group:
Condo sales in Massachusetts fell 6.4 percent during the third quarter, posting the worst third quarter for unit sales in five years.
A total of 7,602 condos were sold in July, August and September, down from 8,121 during the same months last year …
… The third-quarter median condo price slipped 1 percent to $272,500 from $275,000 a year ago …
… Statewide, third-quarter sales climbed from 2002 through 2005, before declining last year. This year’s third-quarter sales were the lowest since 2002, when 7,308 units sold …
Overall, condos sales in downtown Boston declined. A total of 1,726 condos sold in downtown Boston during the first three quarters, a 12 percent decline from a year ago, but the median selling price climbed 5.6 percent to $500,000 from $473,500 in 2006.
Source: Bay State Condo Sales Suffer Worst 3rd Quarter Since ’02 – By Aglaia Pikounis, Banker & Tradesman
Back to Boston condos for sale homepage
Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.
SEARCH FOR CONDOS FOR SALE AND RENTALS
For more information please contact one of our on-call agents at 617-595-3712.
