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Massachusetts
Across much of Massachusetts, the largest gains in real estate sales activity in 2005 occurred in the condominium market where sales soared to a new all-time high. The condo market has seen an increase in activity both for luxury units and entry-level condos and townhouses. The condo’s popularity is its appeal to many distinct buyers, including immigrants and young professionals in search of their first home, baby-boomers looking to downsize or purchase their second home, and active seniors seeking a return to the their roots in the city to be near shopping and cultural institutions.
