We're taking a look at the week of September 20th through the 26th in the suburbs north of Boston.  Specifically, Middlesex and Essex counties for single-family homes and condominiums.  Last week we had 2845 homes available on the market, very similar to what the numbers were the week before. New listings decreased by 3% compared to the previous week with 800 homes coming on the market. The number of homes to go pending last week was 724 - a decrease of 11% compared to the week before. Overall 25 of the market out there did get absorbed through pending listings. Which shows that it remains a strong seller's market. Although that number ticked down slightly from what we've seen in the last few weeks, for sellers out there, if you are considering a move, we suggest coming on the market sooner rather than later.  Especially with the approaching holidays. For buyers out there there is a strong seller's market, we are seeing multiple offers all the way from Boston to New Hampshire.  

So if you are considering a move to the suburbs north of Boston give us a call at 617-275-3379.

Here’s a look at the week of September 13th-19th in the suburbs north of Boston, specifically Middlesex and Essex Counties, for single-family homes and condominiums.  Available homes had an increase of of 17%, with 2,830 homes available on the market.  Very much in line with what we saw in July.  We had 825 new listings come on the market, a decrease of 15% from the week before. Again more than what we've seen lately, however, in line again with what we saw mid July.  Pending homes increased by 37% compared to the week before with 814 going pending. Overall 29% of the market did get absorbed through pending listings which shows that it is a very strong seller's market.  That number is a little bit higher than what we've seen lately and again closer to what we saw mid July.  For sellers out there considering selling your home, the time is still right to put your home on the market.  The numbers remain strong, buyer demand remains high. For buyers out there, unfortunately there's no release just yet. There still is a lack of inventory in our area and certainly high buyer demand. 

If you are considering moving to the suburbs north of Boston give us a call at 617-275-3379.

Here’s a look at the north of Boston real estate market, for Middlesex and Essex counties.  So last week we had 2,424 homes available on the market a decrease of 7% compared to the week before. New listings had a huge increase of 74% as 965 homes came on the market last week. Now that's most likely due to many home sellers deciding not to [...]

We hope you had a great Labor Day weekend! As anticipated new listings slowed slightly, likely due to the Labor Day weekend in the suburbs north of Boston.  

Last week we had 2619 homes available on the market, very similar to the week before.  For new listings, 554 homes came on the market last week, a decrease of 18% compared to the week [...]

The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market seems to be unaffected, as [...]

Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making [...]

Welcome to week 21 of social distancing and its effect on the north of Boston real estate market, specifically Middlesex and Essex counties. We’re also taking a look at how July compared to last July of 2019. Last week we had 2709 homes available on the market, a slight decrease of 2% compared to what we saw the week before.  There were 735 new homes on the market last week which was an increase of 6% from the previous week. As for pending homes, 746 homes went pending last week which is a slight decrease of 1% from the week before.  Overall 28% of the market did get absorbed through pending listings, which shows that it remains a strong seller's market.

For the month of July the number of units sales did go down slightly by about 5% due to inventory being down close to 27.5% .  We have less homes on the market in July of 2020 than what we saw in 2019. The days our market, the time is taking homes to sell, remains the same and overall.  Median prices from July 2020 compared to July 2019 are up 5.1%. 

The real estate market for Middlesex and Essex counties remains strong.  We are continuing to see multiple offers on homes and many homes are going for way over asking. There are plenty of buyers out there and there is little inventory. Usually during this time things start to tick down a bit until we get to labor day but that is not the case this year.

If you have specific questions on the market feel free to reach out to us at 617-275-3379

For week 20, 2770 homes were available on the market, a slight decrease of 2% compared to what we saw the week before.  There were 695 new listings to come on the market last week which is also a slight decrease of [...]

We are now in the 19th week of social distancing in the Boston area.  Here are the numbers for single-family homes and condominiums in Middlesex and Essex counties.  The amount of homes available on the market mostly remained the same at 2823.  We did have 705 listings come on the market new last  week, which is a decrease of 12% compared to  the week before. 798 homes went pending last week which is a decrease of 4% compared to the week before.  Overall 28% of the market did get absorbed last week through pending listings, which again shows that it is a strong seller's market.  Currently there are no signs of the market slowing down. Typically as we move into August things tend to slow down slightly.  However, there is no indication, as of now, that the market is slowing down at all.  If you're considering a move or selling your home and debating on whether it makes sense to go on the market now or next year, the answer is clear that this is one of the best times to sell in our lifetime. If you have any questions on the market feel free to  reach out to us at 617-275-3379!

We're taking a look at week 18 and the effect of social distancing on the north of Boston real estate market. Specifically Middlesex and Essex counties, for single-family homes and condominiums. Last week we had 2,893 homes available on the market which is an increase of 8% compared to what we saw the week before. New homes to hit the market only had a slight increase of 1%, with 801 homes. Pending homes jumped up to 53% compared to the week before with 834 homes now pending. However, last week's numbers dropped due to the fourth of July weekend and that was in line of what we saw before the holiday weekend. Overall last week, 29% of the homes did get absorbed through a pending listings which does show it is still a very strong seller's market. So the obstacle that we've been running into lately is appraisals. The market has been moving a lot quicker than what the comps are suggesting. A lot of comps show homes that sold within the past six months, some from January and February of this year. The market's moving a lot quicker than that and we're finally starting to see some of these under agreement homes actually close. Which will make it a lot easier for appraisals in the near future. We do expect more closings by the end of the month to reflect today's market. If you are looking to buy or sell in the north of Boston market feel free to give us a call at 617-275-3379!