The Boston condo for sale market has spoken

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The Boston condo for sale market has spoken

Why would someone buy a Beacon Hill condo studio for $500,000?

One reason might be that they think they can sell it next year for $600,000.

A more common reason is that someone bought it an hour ago for $550,000.

Of course, this applies to more than Boston condo for sale market. Why buy a Birkin bag for more than $25,000? Because someone else did.

The only thing worse than losing a bidding war by a few dollars is winning one by a lot.

All of this makes sense until it doesn’t. The “market” is very smart about any given moment in time, but not always particularly smart about the future.

Updated: Boston Real Estate Blog 2022

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