Home buyers tired of guessing how much they should overbid will welcome a new trend in the Boston high rise condo market—“softening” pricing.
Boston luxury condo Sellers with homes that have been sitting on the market or have fallen out of contract are simply adjusting the price of their Boston high rise condo to one they will accept. The hope is that a softening pricing strategy will appeal to more Boston condo buyers burned out on multiple-offer situations.
Lower pricing is more or less a product of a softening market. Boston luxury condo buyers are pulling back from making big overbids, and disappointed sellers aren’t ready to throw in the towel with a price reduction, until now. Prospective buyers considering a purchasing l;uxury condo should work with their agents on whether the seller’s price stacks up against the comps and makes sense. If it does, you may be able to get a decent deal on a Boston midtown condo without dealing with bidding wars.