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Social Distancing and The North of Boston Real Estate Market Week 22

Here’s a look at the 22nd week of social distancing and its effect on the north of Boston real estate market, specifically Middlesex and Essex counties for single-family homes and condominiums.  There 2,694 homes available on the market, very similar to what we saw the week before. 705 homes came on the market last week which was slight decrease of 4% from the week before. 756 homes went pending last week. Overall 28% of the market did get absorbed through pending listings, which indicates it is a strong seller's market.  If you are considering selling your home, don't worry, you have not missed your opportunity!  Although we are very close to fall, the real estate market remains very strong, it's a great time to sell! For home buyers out there it is a tough market, however the good news is interest rates are low, making homes the most affordable they've been since 2016.  Check out our previous post for more information on that.

 

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