Boston luxury condos for sale 2021
Snapshot of the Boston Midtown condo market as we approach the Summer season
How Seasons impact the Boston Midtown condo market
Seasonality typically plays an enormous role in the ebb and flow of supply and demand within downtown Boston real estate markets. Below we look at seasonality from virtually every angle we can think of to illustrate its effects. In this report, Boston Midtown condo market is used as the sample, but, generally speaking, seasonality plays out in a similar manner throughout most downtown Boston real estate markets.
Spring Season
The market begins to wake up early in the beginning of the Spring season after the doldrums of the winter season– with the number of new listings as well as buyer demand rapidly climbing, and sometimes peaking. Spring usually brings a significant uptick, listings start pouring on the market in March and April. Then before Thanksgiving, activity plunges dramatically for the mid-winter period. Many listings are pulled off the market at this time to await the beginning of the new year or, sometimes, spring market.
Luxury Condo Market
Economic Conditions
Of course, general economic conditions – booms, and talks of recessions and conditions in between – can affect, and sometimes over-shadow, typical seasonal changes.
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Boston luxury condos for sale 2021