Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally [...]
We're taking a look at the north of Boston real estate market during the week of January 24th through the 30th specifically in Middlesex and Essex counties for single-family homes and condominiums. Last week we had 1,376 homes available on the market, very similar to the week before, only a 1% increase. We had 441 homes come on the market last week, an increase of 7% compared to the week before. 494 homes went pending last week, an increase of 17% from the week before. Overall, 36% of the market did get absorbed through pending listings, which shows it remains a very strong seller's market. To put that into perspective, that was the highest number that we've seen since the seller's market started unfolding as of last year. For sellers there's very little on the market and buyers are out and looking. If you are considering selling your home this year and wondering if you should wait until the spring the answer is no. Sellers are doing well coming on the market now, before the spring rush. So if you are thinking about a move or are curious as to what your home may be worth give us a call at 617-275-3379.
Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. [...]
We're taking a look at the north of Boston real estate market during the week of January 10th through January 16th in the suburbs north of Boston specifically Middlesex and Essex counties for single-family homes and condominiums. Last week we had 1,421 homes available on the market which is an [...]
Here's a look at how December of 2020 compared to December of 2019 in the suburbs north of Boston, specifically Middlesex and Essex counties. Overall, total number of homes sold is up by about 21%. Total inventory the amount of homes available on the market down by close to 24%. The time it's taking homes, to sell days on market, is down close to 35% and overall median sales prices are up close to 10.5%. Overall December of 2020 was a much stronger market for sellers compared to December of 2019.
If you are considering a move to the suburbs north of Boston give us a call at 617-275-337.
Curious about the numbers for your area? Click the link for your town!
If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s [...]
Welcome to 2021 and our first weekly market update of the year. We're taking a look at the north of Boston real estate market. Specifically Middlesex and Essex counties for single-family homes and condominiums during the week of December 27th [...]
The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year [...]
This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their [...]
We're taking a look at the north of Boston real estate markets, specifically Middlesex and Essex counties for single-family homes and condominiums during the week of December 6th through the 12th. Last week, there were 2,150 homes available on the market, an increase of 3% from the week before. New listings decreased by 5.5% with 378 homes coming on the market. 494 homes went pending last week that is an increase of 25% from the week before. Overall, 23% of the market did get absorbed through pending listings which shows it remains a strong seller's market. Last week was one of the better weeks that we've seen since October. So, if you're still looking for a home now is not the time to put your search on pause. Keep looking- and if you're thinking about selling your home over the next 12 months now is the time to come up with a plan. Sooner very well may be better than later for this upcoming year. If you're considering a move to the suburbs north of Boston give us a call at 617-275-3379.
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