I was out with a client yesterday to view open houses in South Boston. Fortunately this pic was not from any of the condos we visited. Some places were busy with several groups of people in the open house at the same time, while others were slow. I spoke to several agents that conducted open houses in other Boston neighborhoods, and they confirmed this. The weather was beautiful, but that can be a positive or negative thing. I do believe there is some pent up demand and that should bode well for the Boston housing market.
My client and I were browsing 2 bedrooms priced from $300,000-$400,000. I noticed prices have come down a bit and you can certainly get a very nice 2 bedroom in South Boston for $350,000. If you desire certain amenities like parking or a private roof deck, it will be a little more difficult at that price.
I don't know what to expect from this spring market, but what I saw yesterday confirmed how I viewed the local housing market. There are plenty of buyers out there, they are just looking for a specific product, price and location.