Here's a look at the real estate market for the suburbs north of Boston, specifically Middlesex and Essex counties from October 18th through the 24th. Last week we had 3,066 single family homes and condominiums available on the market, an increase of 4% compared to what we saw the week before. To give you some perspective last year at this time we had close to 4,800 properties on the market. Last week 659 new homes come on the market, a decrease of 13% compared to what we saw the week before. There was an increase of 15% for pending homes as compared to the week before as 742 homes went pending last week. Overall 24% of the market did get absorbed through pending listings, which shows it remains a strong seller's market.
Things did go up slightly since last week and overall things are down slightly from the summer. However, going into November it is a very strong seller's market especially for the fall market that we're in. If you are considering a move to the suburbs north of Boston give us a call at 617-275-3379.