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The chart above illustrates a comparison between the number of core downtown Boston condos and homes going under agreement from June 15-July 15 to the number available at the end of that period (July 15).
For the purposes of this comparison, core downtown neighborhoods are defined as Back Bay, Beacon Hill, South End, Midtown/Downtown, Seaport, Waterfront, Leather District, Charlestown, South Boston, Fenway, West End, Bay Village, and Chinatown.
Sales activity in the downtown Boston real estate market in that time frame is up by 12.02% from last year at that time.
Up until about 4 weeks ago condo and home listings were also outpacing last year, however they've been decreasing and are now down by 25.05% from last year at this time. Still, we have about 2.17 months of inventory. Despite the increased sales activity, pricing should still be on the conservative side, marketing has to be top-notch, and the property should show as well as it possibly can.
If you or someone you know has questions about selling a Boston home or condo, please feel free to call me at 617-584-9790, or send me an email at joe.wolvek@gibsonsir.com.
