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North of Boston Real Estate Market Update April 2024

Welcome to our April market update! We're looking at single family homes sold in Middlesex and Essex counties and we're comparing March of 2024 to March of 2023. Inventory remains a problem and fell by close to 10% last month. Units sold also dropped by close to 11%. The number of days on the average home was on the market didn't change much, going from 43 days on average up to 44.

Many people talk about the homes that are selling within a week, but the reality is is many homes are taking much longer! Buyers should know that median prices went from $718,000 up to $800,000 - an increase of close to 11.5%. We're often asked by potential home sellers, "is it really worth the effort in home prep if the market is so hot?" We can tell you that homes that are priced right and look great are commanding top dollar through multiple offers. and often are selling within a week. Homes that are taking much longer to sell are likely selling for under asking. Home prep could be the difference of tens of thousands of dollars. If you are considering making a move in in or out of the suburbs North of Boston give us a call at 617-275-3379!

 

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