Which neighborhoods were in demand? Where did units sell faster, and what prices were they getting per square foot? The post 2024 condo market recap: The city was hot, but not as hot as the suburbs appeared first on Boston.com.
The main idea of the text is that while Boston's condo market remains active, it is not as strong as the suburban market in 2024.
Several factors contribute to this:
* Suburban Appeal: Buyers are increasingly choosing suburbs over city condos, potentially due to factors like more space, lower prices, and a less densely populated environment.
* Remote Work Impact: The shift to remote work has lessened the appeal of city living for some, as the need to commute to offices has decreased.
* Charlestown's Resilience: Despite the trend, some neighborhoods like Charlestown continue to have a strong condo market, evidenced by high demand, low days on market, and minimal price differences between listing and sale price.
Overall, the text highlights a shift in the Boston real estate landscape where suburbs are outperforming the city condo market.
The main idea of the text is that while Boston's condo market remains active, it is not as strong as the suburban market in 2024. Several factors contribute to this: * Suburban Appeal: Buyers are increasingly choosing suburbs over city condos, potentially due to factors like more space, lower prices, and a less densely populated environment. * Remote Work Impact: The shift to remote work has lessened the appeal of city living for some, as the need to commute to offices has decreased. * Charlestown's Resilience: Despite the trend, some neighborhoods like Charlestown continue to have a strong condo market, evidenced by high demand, low days on market, and minimal price differences between listing and sale price. Overall, the text highlights a shift in the Boston real estate landscape where suburbs are outperforming the city condo market.
