Welcome to our monthly market update for the north of Boston Real Estate Market! We're comparing October of 2021 to October of 2020 specifically Middlesex and Essex counties . The market has changed since last spring. However, this fall market still has remained a strong seller's market. Overall total number of homes sold went down about 15.5%. However inventory levels that also went down about 19%. Days on market the time is taking homes to sell, that went down close to 19%. Medium home prices went up close to 11% since last October. While many potential home sellers overlook the winter season we think this could still be a great time to take advantage of high prices and high demand. For home buyers out there this isn't the time to put your search on pause as interest rates are projected to rise in 2022. If you are considering a move in or out of 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!