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.

 

Black Friday and Cyber Monday are behind us, yet finding the perfect holiday gifts for friends and family is certainly still top of mind for many right now. This year, there’s another type of buyer that’s very active this holiday season [...]

We're taking a look at the north of Boston real estate market's specifically for Middlesex and Essex counties and comparing November 2020 to November of 2019.  Total inventory, the amount of homes available for sale, went down close to 27%.  Days on market, the time it's taking homes to sell, averaged about 30 days, another decrease of 27%.  The amount of homes sold went up 12%. Median prices went up to $560,000 an increase of 12% from last November. 

This past November was definitely a lot stronger for sellers compared to November of 2019.  If you are considering a move to the suburbs north of Boston contact us!

 

Our new normal during this pandemic means that we are all spending a lot more time at home.  It also means that many of us are realizing that our home just doesn’t quite fit our needs anymore.  Its been a seller’s market for some time now and with strong buyer demand it makes sense to take advantage of today’s market.  

So, do you buy first or sell first?  Contingencies in today’s market simply don’t work.  If you buy first, that could mean taking on two mortgages.  If you sell first, are you willing to rent, or do you have a place to go?  With the time and effort it takes to move, would you want to move twice?  Typically these were the only two options available to homeowners. Now there is a third option.  

We’ve partnered with a company called EasyKnock.  Through EasyKnock you can unlock the equity of your home, allowing you to put in a competitive offer without the contingency of selling your home first.  EasyKnock will buy your home and allow you to then rent it back.  You can then search for your dream home without worrying about your current value.  When you are ready to sell you can put it on the market to get full value.  Contact us to learn more about how this option might work for you!

 

Here's a look at the real estate market in the suburbs north of Boston specifically Middlesex and Essex counties, for single-family homes and condominiums, during the week of November 8th through the 14th. Not much has changed since the previous week. Last week we had 2,802 homes available on the market just a slight decrease of 2% compared [...]

“Election results will lift the victors and devastate the party of the unsuccessful. It will not impact our local housing market,” proclaims Linda O’Koniewski, CEO Leading Edge. “Covid restrictions are dictated by the state. The work-from-home culture, appetite for more outdoor space, and the desirability of properties with home offices, views and more functional space determine our market neighborhood by neighborhood. Fueled by high demand, low supply and crazy, inexpensive borrowing power, some markets are red hot, while we see that some condos, particularly those that don’t reflect today’s trends, are starting to sit and price correct to sell. Sadly, we are going to start to see the financial impact of job loss on the market very soon, when people who cannot afford their mortgage decide to move.”

Check out the weekly market real estate market report for the suburbs north of Boston here.

If you're considering a move in the suburbs north of Boston we'd love to hear from you!

Call us at 617-275-3379 or Contact us here.

Curious about the numbers for your area?  Click the link for your town!

Andover, North Andover, North Reading, Reading, Wakefield and Stoneham

Be sure to like us on Facebook and follow us on Instagram for a behind the scenes of our day to day and favorite happenings north of Boston!

 

 

1. Demand Is Strong among Millennials

The nation's largest generation began entering the housing market last year as they reached the age to marry and have children - two key drivers of homeownership. As the Wall Street Journal recently reported:

“Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent

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Here's a look at the real estate market for the suburbs north of Boston,  specifically Middlesex and Essex counties from October 18th through the 24th.  Last week we had 3,066 single family homes and condominiums available on the market, an increase of 4% compared to what we saw the week before.  To give you some perspective last year at this time we had close to 4,800 properties on the market.  Last week 659 new homes come on the market, a decrease of 13% compared to what we saw the week before. There was an increase of 15%  for pending homes as compared to the week before as 742  homes went pending last week. Overall 24% of the market did get absorbed through pending listings,  which shows it remains a strong seller's market.  

Things did go up slightly since last week and overall things are down slightly from the summer. However, going into November it is a very strong seller's market especially for the fall market that we're in.  If you are considering a move to the suburbs north of Boston give us a call at 617-275-3379.

 

 

We're taking a look at the real estate market between October 11th and the 17th in the suburbs north of Boston, specifically Middlesex and Essex counties, for single-family homes and condominiums. So last week we had 2,955 homes available on the market, a slight increase of 2% compared to what we saw the week before. We had 755 new homes come on the market last week, no significant change from the week before. We did have 646 homes go pending that is a decrease of 13% compared to what we saw the week before.  Outside of holiday weeks we've seen numbers closer to 750 homes go pending every week.  So this is the first time in awhile that we've seen the numbers drop under 700.  Overall 22% of the market did get absorbed through pending listings. The week before it was 26% of the market. However, it still remains a strong seller's market. If you are considering buying a home, hang in there. However, keep in mind that we are still seeing multiple offers and the right homes are going for over asking. If you are considering a move to the suburbs north of Boston give us a call at 617-275-3379 or contact us here.

 

 

We're reviewing the market between September 27th through October 3rd for the suburbs north of Boston. Last week we had 2,937 homes available on the market an increase of 3% compared to the week before.  New listings decreased by 4%, compared to the previous week with 769 homes coming on the market. 746 homes went pending last week an increase of 3% compared to the week before. Overall 25% of the market did get absorbed last week through pending listings, which shows it remains a strong seller's market.  

The story hasn't changed much over the past few months the market has remained very stable and very strong for sellers. For buyers out there, the right properties are still getting multiple bids way over asking.  For sellers this could still be a great time to sell.  Watch the video below to learn more.