Story perspectives
Boston Condo Prices Plunge 11.5% Amid Rising Rates
1/4/2025
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Story summary
- Boston's condo market experienced an 11.5% decline in average sale prices, now at $1,033,449.
- Inventory levels increased to 4.09 months, up from 3.07 months last year.
- Units remained on the market for an average of 44 days, two days longer than the previous quarter.
- Rising mortgage rates are affecting buyer activity, contributing to a 5.7% increase in listings.
