The Greater Boston Association of Realtors reported that 1,214 single-family detached homes were sold in metropolitan Boston, which set a new record for sales for the month and was a 4.9% increase on the 1,157 homes sold in November 2017.

Although downtown is somewhat of a late bloomer, Chatham sees the potential and acquired the 167-room Courtyard by Marriott for $49 million or approximately $293,000 per room earlier this month.

The Highlands property was purchased with a 97% leased rate, but that percentage is expected to fall shortly to approximately 70% due to pending lease expirations, Equus Partners reports.