Boston Condo Market Update (June 10, 2024 - December 10, 2024)

I wanted to share the latest condo sales statistics for Boston, covering the past six months (June 10, 2024 - December 10, 2024). Whether you're considering buying, selling, or staying informed about the market, these insights offer a comprehensive view of Boston's dynamic real estate landscape.

Market Highlights:

• Affordable opportunities in Dorchester, Brighton, Roslindale, and East Boston stand out, offering opportunities for buyers seeking excellent value within Boston city limits.
• The fastest-selling neighborhoods include Charlestown (21 days on market) and Jamaica Plain (20 days on market), making these areas especially attractive for sellers. Meanwhile, the South End and South Boston remain stable.
• Luxury market moves slower: The luxury market in Boston is currently moving at a slower pace, particularly in neighborhoods like the Seaport District, Beacon Hill, Back Bay, and Midtown. These areas remain the epicenter of Boston's high-end real estate, offering premium price points, unparalleled amenities, and some of the most desirable properties in the city. However, longer selling timelines in these neighborhoods mean sellers must adopt strategic pricing and marketing tactics to attract buyers. This slower pace allows buyers to negotiate better terms and secure high-end properties in some of Boston's most prestigious locations.

Key Takeaways for You:

• Buyers: Whether you are looking for luxury living or a value-oriented investment, Boston has a neighborhood to meet your needs. Buyers targeting luxury areas like the Seaport or Beacon Hill may find opportunities to negotiate better deals in the current market.
• Sellers: Now is a great time to sell, particularly in fast-moving neighborhoods like Charlestown and Jamaica Plain. For luxury sellers, strategic pricing is essential to attract serious buyers in a slower-moving market.

Boston's real estate market remains vibrant and competitive, with opportunities for everyone. Please don't hesitate to reach out if you'd like a detailed report or advice tailored to your specific needs.