The Boston condo market is still sky-high. Despite a 6% drop from the previous month, the average sales price was $1.13 million, or $648 per square foot, in May. Average condo rental prices are an astronomical $3,042.
501 Commerce led the market with 2 sales averaging $675,000. Meanwhile, the luxury enclave at The Residences at The Ritz-Carlton had 18 active units for sale totaling $52 million in inventory.
For all the details, visit the Boston Market Report.