Impending housing collapse? Somebody better tell folks in the Back Bay

John Keith reports that the median asking price for condos currently on the market in 02116 is $1 million:

... It makes you wonder - should you continue to call $1 million condos "luxury" when they pretty much refer to the standard "typical" Back Bay home? ...

Comments

Back Bay not luxury?

Are you saying that there are $1 million in Back Bay that are not lux? I thought those condos all had huge modern windows, marble countertop, matching appliance styles and modern interior design, etc.

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