The Massachusetts condominium market saw prices shrink heading into the fall housing market, according to August sales data released by The Warren Group, the publisher of Banker & Tradesman.
The median statewide condo sale price decreased 3.1 percent on a year-over-year basis to $526,000, down from $542,635 in August of 2024. The year-to-date median sale price was flat at $545,000 for both years.“
The condo market underwent a bit of an adjustment earlier this year, and purchases made in June and July are reflected in the August numbers,” Cassidy Norton, associate publisher and media relations director of The Warren Group, said in a statement. “For the first time since 2011, the condo market had four months of inventory in May. That’s exactly what the market needs to moderate prices, and is reflected in an increase in sales versus August of last year, as well as drop in the median sale price.”
Source: Massachusetts Condo Prices Fell, But Sales Rose in August – Banker & Tradesman
