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The Boston condos lifestyle can means many things. It can means having certain luxuries, it can mean being within a short proximity of fabulous eateries and city blocks of dense commerce, and it can also mean living in one of the few Boston neighborhoods where this can be a reality. Subsequent to years of restoration, redevelopment, and heavy private investing, that list is now being accompanied by Boston's Seaport District. In present times South Boston is being swamped with young experts willing to gentrify their new surroundings, and their bridge into Boston, the Seaport District, is earmarked to become one of Boston's most sought-after places to reside.

The year 2007 has been a very interesting year for Boston condos. The rumor is that there is an immense amount of inventory on the market, the market is beginning to favor the Buyer more than the Seller, and the Boston real estate market took a nose-dive. Following what you hear is easy, rather than digging into the statistics to find out what is really going on. Before looking at the numbers, the assumptions that is being worked with here are, properties are deemed to be condominiums, properties are in the city of Boston itself and sold properties represent those that experience a change in ownership. Taking a different look at the situation .

To rouse some conversation, try and determine whether the activity (sold Boston condos) and the amount of market consumption year-on-year is the same, in spite of the amount of inventory there is or is not on the market. During the first four months of 2006, the sum of Boston condos sold was 834, and the average days that a condo sat on the market until it was eventually sold was 95. Compare this with the first quarter of 2007, where the sum of Boston condos sold was 861, and the average days on market was 130.

Therefore, year-on-year, a paltry 3.2% increase in the number of properties sold can be noticed, and a whopping 37% increase in the days on market. Merge this with the sales to list price ratio (a condo sold for what percentage of the price at which it was listed) that stayed somewhat the same year-over-year, and you do not have a lot of concrete information to get “down” on the market. End result, the market consumed slightly more Boston condos in 2007 than in 2006, and it paid relatively the same premium for those properties. It is possible that you are thinking that with the bump in days on market, consumers may have paid less on a year-over-year basis. If that is the scenario, you would be incorrect.

Boston condos, in fact appreciated at 6% when looking at the average sales prices (from roughly $458K to $486K) from Q1 2006 to Q1 2007. You can draw your own conclusions, but the statistics show that the market for Boston Condos is performing at a stable pace year-on-year, and regardless of a shift in days on the market, Boston condo prices continue to appreciate in general.