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Social Distancing and The North of Boston Real Estate Market Week 27

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.

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