Boston Homes
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Condo sales drop in the first quarter

BY WAYNE BRAVERMAN
STAFF WRITER

 

Condominium sales and selling prices in Boston fell during the first quarter of 2019. For the first three months, the total number of condo sales dropped 24 percent, going from 619 for the opening period of 2018 to 472 this year.

 

According to LINK, the average selling price dipped 17 percent to $1,160,469. A year ago, the average selling price was $1,405,221. The median selling price also dropped 11 percent, falling from $949,800 last year to $844,450 this year.

 

Also falling was the average price per square foot, which went from $1,059 during the first quarter of 2018 to $949 this year.

 

However, all is not what it appears to be.

 

“This quarter is unfairly compared to the one we experienced a year ago, which was a period of excess legacy contract activity,” said

 

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