The north of Boston real estate market is certainly heating up! Last week we had 3,004 listings available on the market, an increase of 2.3% compared to the week before. There were 860 new listings that came on the market last week. This was the highest amount of listings in a week for 2020, an increase of 2% compared to what we had the week before. 912 homes went pending last week, that is the highest amount of homes to go pending in a week for the year, an increase of 16% compared to the previous week. Overall 30% of the market last week was absorbed through pending sales, so it is remains a very strong seller's market. For buyers hang in there, more listings are coming on the market, but it is still very competitive. For sellers, coming on the market sooner is probably better than later as more competition will be coming on the market soon, as we've been seeing an increase of listings every week. If you have any questions on the market Contact us Here!
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:
“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and
This week we take a look at how the north of Boston real estate market for May performed compared to last May along with week 12 and the effect of social distancing on the market, specifically for Middlesex and Essex counties. Last week we had 2,928 homes available for sale which is an increase of 4% compared to what we saw the week before. [...]
Welcome to 168 Wakefield Street, a stately colonial with an abundance of curb appeal and practical space for everyone! The chef’s kitchen has plenty of space for family & friends to gather and offers professional appliances including a 48 in. range, wet bar & wine fridge. The mudroom helps keep messy shoes & backpacks organized. 9ft [...]
Inventory remains low for Middlesex and Essex counties north of Boston, but we are slowly seeing an increase in listings. 737 homes came on the market last week, which is the most we've seen in recent weeks. 23% of the market was absorbed, so it remains a seller's market. For home buyers, it will be tough to find a deal out there, the good news is new listings are coming on the market every week, so hang in there home buyers!
Why live in the same home as everyone else? Welcome to 2 Collins Road! Located on a cul-de-sac, behind the circular driveway you'll find this cool contemporary home is packed with style and offers a layout fit for todays lifestyle. The cherry and stainless kitchen seamlessly opens to the dining and family [...]
Buyer demand decreased slightly within the first 5 weeks of social distancing measures across the north of Boston suburbs. However, it still remained a seller's market. During the last two weeks buyer demand [...]
Over ten million Americans have lost their jobs over the past few weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. [...]
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