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North of Boston Real Estate Market Update December 27-January 2, 2021

Welcome to 2021 and our first weekly market update of the year. We're taking a look at the north of Boston real estate market. Specifically Middlesex and Essex counties for single-family homes and condominiums during the week of December 27th through 
January 2nd.  So there's not much to report as the last couple weeks were slower due to the holidays.  We had 1,501 homes available on the market last week, a decrease of 13% from the week before.  Those numbers were closer to 3,000 in the fall.  We had 156 homes come on the market last week an increase of 193% from the week before. Now, although we had 156 homes come on the market we had 221 homes go pending last week which is a decrease from the week before of 22%.  Overall 15% of the market did get absorbed through pending listings it still remains a seller's market.  A few weeks ago that number was closer to 23%.  We do anticipate that that number will rise over the next few weeks.  Buyers are out looking for homes, they did not take a break for the holidays. So if you are considering selling you may not want to wait until the spring. For buyers out there, keep searching!  We anticipate new listings trickle on the market every week, possibly starting as soon as this week.  If you are considering a move in or out of the suburbs north of Boston give us a call at 617-275-3379.


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