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!
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