We're taking a look at week 17 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 2609 homes available on the market which was a decrease of 15% compared to what we saw the week before.  We had 793 new listings [...]

 During week 16 we had 3,079 homes available on the market which is an increase of 2% compared to the week before.  Only 341 homes were newly listed last week, which was a huge decrease of 61%.  This was mostly due to the fourth of July holiday weekend.    Buyers were still out though and we had 873 homes go pending last week.  That is the third highest that we've seen all year and is an increase of 13% compared to what we saw the week before. Overall 28% of the market last week did get absorbed through pending listings which shows that it is a strong seller's market.   

So last week we had 3,009 properties available on the market, which is a decrease of
3% compared to the week before.  We had 874 new listings come on the market last week which is an increase of 3% compared to the week before.  771 homes went pending last week that is a decrease of 24% compared to the high that we saw last week of a 1,020.  Overall 26% of the market did get absorbed through pending listings just last week alone which indicates that it is still a strong seller's market.  

We are getting asked a lot by sellers whether it makes sense to sell this year or wait until next year, maybe they are a little concerned that they've missed their mark.  A lot of people tend to put their search on hold as September approaches,  however this year things are still cranking along.  We anticipate a very busy summer. Obviously with Covid, the spring market started very late this year.  So my advice to home sellers, if you are considering a sale prices are on the rise, it makes sense to list now.  For buyers out there, it is a frustrating market. Feel free to reach us to call us for strategies

Watch the video for more!

During the 14th week of social distancing we had a total of 3,093 listings available on the market, and increase of 3% compared to the previous week.  The amount of new listings went down slightly by about 2% with 845 new listings to hi the market last week. We also had 1,020 listings go pending last week which is the most that we've seen all year.  That is an increase of 12% compared to the week before.  Once again we're seeing a strong seller's market as 33% of the market did get absorbed through pending listings last week.  For sellers out there, keep in mind that although the market is strong there are definitely still pitfalls along the way. We are seeing more appraisal issues as well as buyers getting cold feet and getting caught up in the multiple offer situations.  For buyers out there it certainly is frustrating.  We are happy to chat with you to go over specific strategies on how to get your offer accepted!  Contact us here!

  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

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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. [...]

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!

Watch the video for more!

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Last week 675 homes went pending, making it the second busiest week for the year for pending home sales. Watch the video to learn more!

We continue to monitor the effects of social distancing on the north of Boston real estate market.  

Last week's numbers were similar to what we saw the first week of social distancing in Massachusetts.

See table below.

*This week Governor Baker restricts gatherings to 25 people or less.

**This week Governor Baker restricts gatherings to 10 people or [...]