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.
Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
Tuesday, November 22, 2005
Cold Weather, Cooling Prices In Boston
As reported by the Boston Herald:
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