Are condos finally becoming more available - and less expensive - in Mass.?

"What we are starting to see is a shift in the market, and often it will start within the condo market,"

"We still have a housing supply shortage. There's no question about that."

"it's not as frantic as it was,"

"Whether or not that continues is anyone's guess,"

Condo inventory in Massachusetts increased in May through August compared with the same months last year, moderating upward price pressure. August condo sales rose 4.9% year‑over‑year to 1,893 transactions, while the median condo sale price declined 3.1% to $526,000 from $542,635. Year‑to‑date condo sales through August totaled 13,146, a 3.5% increase, and the year‑to‑date median sale price remained flat at $545,000. The condo market reached four months of inventory in May—the first time since 2011—reducing buyer competition, but inventory has not yet reached a six‑month supply needed to balance the market.

Read at Boston.com