Where are Boston condo prices headed?
June 5, 2014
By the overall numbers it looks like 2Q prices are falling behind 1Q by close to 10%. However, 1Q prices were skewed higher due to 80+ closing at Millennium Place which averaged $1.3M. If the Millennium Place closings are taken out of the mix, 2Q prices are within 1% of 1Q and 12% higher than 2Q last year demonstrating prices for the re-sale market are still on a steady upward trend.