(photo by Lea Bohm courtesy of Unsplash)
We're taking a look at the north of Boston real estate market during the week of January 10th through January 16th in the suburbs north of Boston specifically Middlesex and Essex counties for single-family homes and condominiums. Last week we had 1,421 homes available on the market which is an increase of 5% from the week before. 348 new homes come on the market last week a decrease of 5% from the week before. We had a 17% increase in pending homes from the week before with 432 going pending last week. Overall 30% of the market did get absorbed through pending listings last week which shows it remains a strong seller's market. This year has really started off strong. We haven't seen 30% since the second week of June 2020. If you're considering selling your home this year earlier is better than later. We anticipate that during the second half of the year we may start to see a little bit more inventory coming on the market. Part of the reason why the market is so strong right now is the lack of inventory. Essentially the less homes that are on the market and less competition for sellers means more money for you. So if you are considering a move to the suburbs north of Boston give us a call at 617-275-3379.