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The Boston Globe

Business

Boston condo market strong in 1st quarter

Downtown prices hit record median value of $537,000

Boston’s downtown condominium market thrived during the first three months of the year, with tight inventory helping to push the median price to a quarterly record of $537,000, data to be released Wednesday show.

First-quarter sales of downtown condos totaled 505, marking an 8.4 percent sales increase compared with the same time last year and the highest number of sales since 2007, according to the Boston company LINK, which tracks the market.

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