Boston Condo Sales Climb Almost 7% Over Past Year

The most recent market stats were just released and showed some great movements in the Boston real estate market. Condo sales in Greater Boston saw an increase on an annual basis for the first time in 8 months, at almost 7%. The average selling price saw an increase as well, jumping to a new high of $459,900!

Breaking it down by neighborhood, we saw similar movements:

• In Back Bay, the median sales price jumped 29.9% to $1,150,000
• Beacon Hill saw a similar increase to $637,500, a 18.6% jump from 2014
• South Boston’s condo median sales price also increased to $592,500, up almost 15%

Looking at selling time, or days on market, the market saw a decrease to an average of only 42 days before an offer was accepted. In neighborhoods such as Beacon Hill,  this time about was about twice as fast at 18 days.

What does this mean for you if you are looking to sell your Boston condo? The market is strong and sellers are achieving record sale prices for their homes. By working with our proven marketing strategy, sellers are selling at top dollar, in the shortest time possible. Learn more about it.