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Boston Condo Listings Surge Amid Stagnant Demand

1/18/2025

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Summary

Story summary

Boston's condo market listings rose by 7.3% in 2024, with Charlestown at $895/sq ft and Roxbury at $636/sq ft.
Increased inventory exists, yet high mortgage rates deter many sellers.
Demand persists in sought-after neighborhoods despite a population decline.
Developers prioritize rentals and luxury condos, hindering affordable housing initiatives.

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Story summary

Boston's condo market listings rose by 7.3% in 2024, with Charlestown at $895/sq ft and Roxbury at $636/sq ft.
Increased inventory exists, yet high mortgage rates deter many sellers.
Demand persists in sought-after neighborhoods despite a population decline.
Developers prioritize rentals and luxury condos, hindering affordable housing initiatives.