Boston condo inventory down 18%, but not in all segments

Condo inventory in Boston continues to tighten and the overall number of available condos for sale in Boston has decreased 18% compared with the number available this time last year. However, the decrease in available condos is not spread evenly across all price segments. There are fewer condos available for sale in the Under $500,000,  $1M - $1.5M, and $3M+ price segments, but there are a greater number of condos available this year in the $500,000 - $1M, $1.5M - $2M, and $2M - $2.5M, and $2.5M - $3M price segments as compared to last year. Based on which segments have available inventory and which segments are lagging, we can expect to see continued pressure on average and median sale prices for Boston’s condo market.