The article discusses the phenomenon of stale listings in the Boston condo market, characterized by properties not receiving offers within two weeks. As listings age, they potentially deter motivated buyers while attracting newcomers unfamiliar with the market. A pivotal aspect highlighted is the varying average days-on-market for condos in different neighborhoods, with some, like Charles River Park, averaging an alarming 157 days. This raises questions about the implications of unsold properties on buyer behavior and overall market health.
Once a Boston condo for sale has been on the market for two weeks without an accepted offer, it begins to lose traction and becomes a stale listing.
Stale listings, defined as condos on the market for 40 days or longer, can impact buyer interest and market dynamics in the Boston condo market.
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