In response to our 2007 1st Quarter statistics post, we wanted to follow up with some further data on the Boston real estate market that should allow you to cut out all the “negativity” that you are hearing about real estate in Boston. Specifically, you have probably heard that inventory of Boston Condos is high right now, or more eloquently put,”there’s a lot on the market.”
Is this really true? No! Looking at a snapshot of active condominium listings in Boston today shows us that there are 698 condos on the market. What was the number the very same day in 2006? Well, inventory was 21% higher in 2006 at 846 condos!
Interesting, the inventory of Boston condos is actually lower today than it was last year. As we discussed in our earlier post, the average number of days on market has increased from 110 to 135, but that shouldn’t detract us from the point of this post: the inventory of Boston condos is low.
NOTE: We looked at condos in Boston proper, specifically in Back Bay, Beacon Hill, Chinatown, Financial District, Midtown, North End, South End, Waterfront, and the West End.
Keith Munsell 
