National Market Report: Boston’s booming condo market, Chicago’s flight to the suburbs … & more

From the February issue: The condo market in Boston reached record highs in 2015. The median price for condos in nine downtown neighborhoods, along with South Boston and Charlestown, rose nearly 10 percent to $680,000, according to real estate data firm LINK Smart. Meanwhile, prices for luxury condos rose roughly 20 percent to a median of roughly $1.8 million — an equivalent of nearly $1,200 per square foot. “It’s almost as though we’re approaching Manhattan prices,” Debra Taylor Blair, president of LINK, told the Boston Globe. “Demand for urban living is high.” [more]