Urban Core Condo Sales Hit Five-Year Low
Condominium sales volume in the Boston urban core dropped to the lowest level in five years as rising mortgage rates favored rentals over home ownership, according to a Boston brokerage.
Condominium sales volume in the Boston urban core dropped to the lowest level in five years as rising mortgage rates favored rentals over home ownership, according to a Boston brokerage.
Sales activity at EchelonSeaport could be a good barometer of what to expect in the Boston luxury condo market for 2020: healthy demand for smaller, more efficient units that appeal to buyers in the sub-$1 million range.
Median prices of condos in core Boston neighborhoods rose 8.51 percent to $949,500 in the third quarter, driven by limited supply and continuing strong demand.