Transactions down, expected to keep falling

In our 2013 Year End Boston Condominium Report we expected 2014 to be a year of fewer sales transactions across Boston, and 1Q 2014 has validated that prediction. With limited inventory and scarce new condo developments to feed the pent up demand, the transaction level is stagnating. Even with the bulk closing of more than 80 Millennium Place condominiums, 1Q 2014 looks to be wrapping up with under 550 transactions. With no other large scale developments expected to close this year, we can expect the number of transactions to dwindle off as we move thorugh the next quarters of 2014.  

See previous 1Q sales transaction history.