Here's a look at the real estate market north of Boston comparing May 2020 to May 2021. Specifically for single family homes, multi-family homes and condominiums in Middlesex and Essex counties. Last year at this time things started picking up in about April and by May we definitely had some momentum. Right now compared to last may inventory is down close to 14%. Days on market, the time is taking homes to sell, is also down about 34%. The amount of homes sold is up close to 47%. Lastly, median sales prices are up close to 15% which is an increase of close to about $60,000 compared to what we saw last May. So if you are considering buying a home right now you I'm sure may be frustrated with today's market. Our suggestion is to keep chugging along. For sellers out there, definitely don't skimp on preparing your home to sell just because it's a strong market. Those that are taking the time to do it right are getting crazy offers on their home so if you are considering a move to the suburbs north of Boston give us a call at 617-275-3379.
Curious about the numbers for your area? Click the link for your town!