1Q2020 / WK 11: Top 15+ megatrends pushing prices down on LuxRE / LuxCC in Boston / Mass 1Q2020 / WK 11: Top 15+ megatrends pushing prices down on LuxRE / LuxCC in Boston / Mass
Based on analysis of luxury condos priced over $1.85M across Massachusetts using data from MLSPin.com, 2/24/20 to 3/9/20 plus same period dating back to 2015
NEW
-
3 listings failing for every 4 closing, worse, more than 1.5 failed listings for every pending sale going into April Note
-
Unemployment surging, doctors other highly paid professionals being asked to take pay cuts, go on furlough Note
-
Lost wealth effect: just one week, $5 trillion in stock market value was wiped out across the globe Note