Tagged : Boston Condos

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I love real estate, and I love analyzing numbers.  I'm not an economist, but more of a self proclaimed "numbers guy".  My goal is to always have my finger on the pulse of the real estate market.  I'm constantly looking at inventory, calculating the average price per square foot for different areas,  average and median prices, and analyzing that data.

Since 2012, the Boston condo market has been on fire.  Buyers are always wondering when multiple offers on properties are going to end, and when inventory will increase.  I decided to analyze Boston condo inventory over the years.   What I found was shocking!  I knew inventory was tight, but I had no idea just how constrained it has become.

As of September 1st, 2016:  508 Condos on the market in Boston.
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Boston Realtors report Buyers Caught in the MiddleThe Massachusetts Association of Realtors announced that in August 2014, for the seventh straight month in a row, sales dropped and prices rose—leaving buyers caught in the middle. Sales are down in large part because the inventory just isn’t there, while that good ol’ law of supply and demand means that sellers are keeping prices high because they know they have a scarce commodity on their hands.

While the Massachusetts Association of Realtors stats measure statewide activity, if you’re a buyer in Boston, you know that the situation is even worse in Beantown itself. Boston Realtors are keenly aware that times are tough for buyers. To help you understand, here’s an explanation about some real estate lingo.

We have something in the industry called an

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