Boston – According to The Boston Globe newspaper, the median selling price for a single-family home jumped 17.6 percent, from $659,000 in October 2019 to $775,000 in October 2020. Condo prices, however, decreased 6.9 percent, from $690,000 to $642,500. While single-family homes spent an average of 37 days on the market, it was 43 days for condos. The number of active single-family listings was up 27.7 percent, while the number of condos on the market rose a whopping 51.1 percent. The number of single-family homes that sold increased 21.3 percent, while the number of condos that changed hands rose incrementally, only 0.9 percent.
- Published in Professionals