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North of Boston Real Estate Market February 14-20, 2021

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 February 14th through the 20th. Last week we had 1,307 homes available on the market just a slight decrease of 1% from the week before.  We had 485 new homes come on the market last week an increase of 11% from the week before. 460 homes went pending last week that is a slight decrease of 2% from the week before and overall 35% of the market did get absorbed through pending listings which again shows it remains a red-hot seller's market.

Now even though some people are saying that this is the best seller's market in our lifetime, there are plenty of people out there that are stuck on the sidelines because buying a home is extremely difficult in today's market. Contingencies simply don't work and even if your home has an accepted offer the likelihood of getting an offer accepted with that contingency is very difficult.  Traditionally there's been two options when buying and selling a home one being able to get financing of buying a home while not needing to sell your current home. Some people simply can't have that option other people sometimes will sell their home first find temporary housing and then move and again for some people that's not an option either.  There is finally a third option where you can buy a home without a contingency and remain in your current home.  If you're considering a move but are concerned about the obstacles out there we can discuss all three.  I can be reached at 617-275-3379.

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