Looking to buy or sell a home in Boston, Massachusetts? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (617) 480-2600 for a FREE home buying or selling consultation.
It’s been an interesting year so far, with some conflicting data out there about the Massachusetts market.
While we’ve seen a huge increase in the amount of houses sold in both the single-family market and the condo market, we’ve seen a huge decrease in the amount of inventory that’s currently available to the buyer. In contrast to those two trends, there has been a pretty small change in the average sale prices in the first six months.
Take the single-family market, for example. In this market, the average sale price for the first six months has not changed. In the condo market, it has only gone up 4.64%. That’s not that much when you have a decrease in inventory of 16.41%.
There are a ton of buyers out there looking for homes
There has been a sharp increase in what sellers are currently asking for. In the single-family market, sellers of single-family homes have been asking for 11.81% more than what they were this time last year. For condos, it’s even worse. Sellers in that market are asking for 22.75% more than what they were last year.
What has all this done to our current inventory levels?
In the below $500,000 price range, whether you’re in a single-family home or a condo, that market is red hot. There are a ton of buyers out there looking for homes. While single-family properties have growing inventory from $1 million-and-up, we’re actually seeing inventory start to build for condos in the above $500,000 price range too.
If you know of anyone else who’s thinking about buying or selling, I would truly appreciate you sharing my contact information with them. If you have any questions, please don’t hesitate to reach out yourself by calling me or sending an email. I look forward to talking to you soon!
No comments :
Post a Comment