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Even if one of the twenty-five largest cities in the USA, Boston is a mix of neighborhoods and downtown flare, which gives a small town feel. However, the urban housing in Boston is mainly made of condos. As far as Boston condos are concerned, 2007 has been a rather unusual year. Rumor has it that the inventory of condos on the market has expended greatly, making it much more convenient for the Buyer, rather than for the Seller. Thus, the real estate market in Boston is continually falling. However, people tend to put basis on what they hear, when they really should be searching into the statistics to find the truth. The analysis made in the first quarters of 2006 and 2006 contain valuable nuggets of information.

The assumptions to be analyzed are the following: properties in Boston are automatically seen as condominiums, Boston condos are to be found in the city center, the sold properties included in the statistics are those that consist in a change of ownership (e.g. those that are under agreement are not considered in the statistics). Firstly, make a comparison between the first quarter of 2006 and the same time of year in 2007 taking into consideration how many Boston condos have been sold. On this basis, we could try to rouse some questions by determining whether the number of Boston condos that have been sold mach the amount of market consumption, year-on-year.

From this comparison it has been left out how much inventory there was (or was not) on the market. Beginning with the first three months of 2006, we can say that the average days a condo sat on the market until sold was 95. As well as this, the total number of Boston condos that have been sold during that time is 834. In 2007, in the same time of year, there were 861 sold condos and the average days on market was130. So there was an extremely poor 3.2% increase in the number of Boston condos sold, but an incredible 37% increase as far as days on the market go. The ratio between sales and list prices (a condo sold for what percentage of the price at which it was listed) hasn't changed much over years. But combining this with the results of the statistics, you discover that there isn't much information so as to have a starter point on the market.

All in all, Boston condos sold just a little bit better in 2007, compared to 2006, and it paid more or less the same premium for those properties. You might be thinking that along with the growth in days on the market, buyers would pay less on a year-over-year basis. If so, you couldn't be more mistaken. When looking at the average sale prices from the first quarters of 2006 and 2007, you find Boston condos appreciated at 6% (from $458,000 to $486,000). To sum up, you are free to form your own opinions, but what was shown by the statistics should matter. It is clear that the market for Boston condos isn't changing much over years. Despite the shift in days on the market, Boston condos' prices are continually growing, permitting the market to be at a steady pace. Ideally, with the developments of Boston condos, you will witness an increase in the quality of the condos, as well as an increase in their prices.