Boston condos offer a simpler, more affordable, and lower-maintenance housing option for first-time buyers and downsizers while preserving desirable locations. National condo inventory is elevated at about 194,000 units, nearly double early-2022 levels, giving buyers more options and less competition. Greater supply has increased buyer negotiating power, with sellers more willing to offer concessions or accept prices below asking. Condo prices are cooling in many markets, with an ICE-reported 1.3% year-over-year dip in June. Buyers can be selective about layout, location, and amenities and may find better deals than during recent market frenzies.
Not every homebuyer wants the biggest house on the block. Some want something simpler, more affordable, and easier to maintain, especially in a market where every dollar counts. That's where Boston condos come in. For first-time buyers, they can be a smart way to get into homeownership without stretching your budget. For downsizers, they offer less space to maintain with the flexibility to stay in a great location. And right now, Boston condos are one of the most buyer-friendly parts of the market.
According to the National Association of Realtors (NAR), there are 194,000 condos for sale right now. That's the second highest amount we've seen in the last three years ( see graph below): Just remember, this is the national figure. The exact number is going to vary based on where you're looking to buy. But, generally speaking, you have more options and less competition.
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