Boston Condos, covid-19; an opportunity
Boston-area home prices were up an astounding 14.3 percent year-over-year in September, according to the national brokerage Redfin — roughly in line with a nationwide real estate boom being driven by record-low mortgage rates and a shortage of homes for sale. But the downtown condo market has been marching — or stumbling — to the beat of a different drummer.
“The Boston condo market is a great example of what’s happening nationally,” said Kiernan Middleman, an agent with Berkshire Hathaway HomeServices Warren Residential in Boston, which just published its third-quarter report on the city’s condo market. “Buyers are simply leaving the city and heading to the suburbs.”