"Nationally, more homes are going on sale and remaining unsold longer because buyers have been unwilling or unable to make a deal. Active listings - a tally that encompasses all homes on the market except those pending a finalized sale - increased in July for the 21st month in a row, climbing nearly 25% from a year earlier, according to Realtor.com."
"Condo sales in the Hub are at their lowest point in eight years. A total of 2,888 condos sold through August. From 2004 to 2007, condo sales for that same period were averaging over 4,600, according to data collected by The Warren Group. Sales in downtown Boston, which includes sought-after neighborhoods like Back Bay and Beacon Hill, totaled 1,023 in the first eight months of 2009 - which is the lowest number since 1995."
Housing markets slowed beginning in 2022 as mortgage rates climbed from historic lows, causing a drop in available homes for sale while prices rose. Active listings rose nearly 25% year-over-year in July, marking a 21st consecutive monthly increase, and many homes now linger unsold longer because buyers are unwilling or unable to make deals. Boston condo sales have fallen to an eight-year low, with 2,888 condos sold through August versus over 4,600 during 2004–2007 for the same period; downtown Boston sales totaled 1,023 in the first eight months of 2009. Developers of unsold projects face pressure. Call Ford Realty at 617-595-3712 for Boston condo seller commission discounts and buyer rebates.
Read at Boston Condos For Sale Ford Realty
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