Tuesday, November 22, 2005

Cold Weather, Cooling Prices In Boston

As reported by the Boston Herald:

But on Beacon Hill, the median price fell by 10.4 percent, to $394,500, as total units sold plunged by 9.2 percent in the quarter, data shows.

In the South End, the median price of condos fell by 14 percent, to $472,500, with unit sales off by 37.8 percent compared to a year ago.

“The prices are coming down,” said Virginia Saillant, a Realtor at Atlantic Properties in the South End. She expressed confidence the market will bounce back, once inventories are sold off.


  1. 'once inventories are sold off' that concept is fine- but when will the inventories be sold 'off'? 1 year 2 years 3 years?
    And if inventories are the same in the spring or higher (which is likely) what happens then?

  2. Yuk, yuk. Guess that's true, but I might not be alive that long.