BOSTON
Persistent low inventory and high demand give sellers an advantage in this New England hub, while home prices are expected to continue to rise.
The luxury segment of the Boston market is predominantly driven by condo sales, especially at newer towers in the Back Bay and Seaport districts, according to Slater Anderson, managing director at Christie’s International Real Estate affiliate LandVest. Overall, median condo prices are up slightly year-over-year, with Seaport and Back Bay, the top two luxury submarkets, showing annual price appreciation within 5% to 7%.
As of late 2024, there were six sales over $10 million in Boston, compared to 18 in the same timeframe in 2023.
In 2025, Anderson predicts that Boston will remain a seller’s market, albeit one with slightly more inventory. “We should see demand increase moderately, and with it, prices. Expect home inspections and contingencies, less popular in recent years, to make a resurgence,” he adds.
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