
Mass. Condo Market Shows Signs of Softening Amid ‘Peak Uncertainty’
The Massachusetts condo market appears to be softening. Blame buyers’ economic worries and sellers trying to beat a potential downturn.
The Massachusetts condo market appears to be softening. Blame buyers’ economic worries and sellers trying to beat a potential downturn.
Local real estate markets have been sorting out the effects of the pandemic and changing buyer preferences for the new rules of living and work agreements, leading to strength in some surprising places.
Activity in the Massachusetts single-family home and condominium markets remained hot in March – setting new records in the process, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Boston’s urban condo market began 2020 robustly before the pandemic all but paused sales for several weeks as agents, buyers and sellers adjusted to new realities. Now, signs point to the beginnings of a recovery starting to emerge.
A new study by First American has found that Greater Boston’s price jumps in October were the third worst in the nation on a year-over-year basis.