Colliers International Boston | Research Matters

BOSTON CONDO PRICING

  • An increasing population base and lack of available supply pushed median condo prices in the city of Boston to a record high in 2014.
  • At $705,000, according to data from the Warren Group, condo pricing was 36% higher than its previous 2005 peak of $520,000.
  • With 41,000 more Bostonians living in the city compared to 2010, developers have been ramping up residential construction in order to meet the growing housing demand.
  • Multi-Family building permits issued in Boston have increased exponentially since bottoming four years ago, with the number of units surpassing 2,500 for each of the past two years. Will it be enough to meet demand or relieve pricing?

Boston Condo Pricing - Chart