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Elliman Report: Downtown Boston Sales 1Q 2020

Final two weeks of March 2020 • The first quarter of 2020 showed year over year price growth to record levels. However, that pattern was not reflective of the recent change in market conditions that began in March and has been measured in terms of days. Awareness of the global pandemic known as COVID-19 cooled conditions with two significant rate cuts by the Federal Reserve and state stay-at-home orders mostly paused the market in the final two weeks of the quarter. The most critical metric in March has been falling listing inventory…

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