With the Average Days on Market statistic continuing to stay below the triple digit mark, we are seeing a predominance of condos move quickly off the market at full, or near full, asking prices.

Looking at the past week of sold South End condos, there was a $1.2 million dollar duplex condo at 128 Pembroke Street that was on the market for a mere seven days before going under agreement at 98% of the asking price – the 2003 renovated 1,700+ square foot duplex penthouse unit with roof deck and deeded parking in the South End went quickly.

There is a fair amount (32) of listings on the market in the South End priced between $1 million and $1,5 million, but the Average Days on Market is trending down, a sign that pricing is correct, and buyers are coming out of hibernation.