Looking to buy or sell a home in Boston, Massachusetts? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (617) 480-2600 for a FREE home buying or selling consultation. It’s been an interesting year so far, with some conflicting data out there about the Massachusetts market. While we’ve seen a huge increase in the amount of houses sold in both the single-family market and the condo market, we’ve seen a huge decrease in the amount of inventory that’s currently available to the buyer. In contrast to those two trends, there has been a pretty small change in the average sale prices in the first six months. Take the single-family market, for example. In this market, the average sale price for the first six months has not changed. In the condo market, it has only gone up 4.64%. That’s not that much when you have a decrease in inventory of 16.41%. There are a ton of buyers out there looking for homes There has been a sharp increase in what sellers are currently asking for. In the single-family market, sellers of single-family homes have been asking for 11.81% more than what they were this time last year. For condos, it’s even worse. Sellers in that market are asking for 22.75% more than what they were last year. What has all this done to our current inventory levels? In the below $500,000 price range, whether you’re in a single-family home or a condo, that market is red hot. There are a ton of buyers out there looking for homes. While single-family properties have growing inventory from $1 million-and-up, we’re actually seeing inventory start to build for condos in the above $500,000 price range too. If you know of anyone else who’s thinking about buying or selling, I would truly appreciate you sharing my contact information with them. If you have any questions, please don’t hesitate to reach out yourself by calling me or sending an email. I look forward to talking to you soon!
The Boston Metro Real Estate Podcast
August 1, 2016
Show Notes
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<i style="color: #222222; font-family: arial, sans-serif;">Looking to buy or sell a home in Boston, Massachusetts</i><i style="color: #222222; font-family: arial, sans-serif;">? <b><a href="http://search.movewithchubb.com/idx/10205/basicSearch.php">Click here to perform a full home search,</a> </b>or if you're thinking of selling your home, <b><a href="http://www.mapropertyvalue.com/">click here for a FREE Home Price Evaluation</a></b>
so you know what buyers will pay for your home in today's market. You
may also call us at (617) 480-2600 for a FREE home buying or selling
consultation.</i><br />
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<br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 1.38; white-space: pre-wrap;">It’s been an interesting year so far, with some conflicting data out there about the Massachusetts market. </span></div>
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<b id="docs-internal-guid-0a46b936-4734-0443-4a1d-bd32b5ac0fad" style="font-weight: normal;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></b></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;">
<span style="background-color: transparent; color: black; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="font-family: "arial" , "helvetica" , sans-serif;">While we’ve seen a huge increase in the amount of houses sold in both the single-family market and the condo market, we’ve seen a huge decrease in the amount of inventory that’s currently available to the buyer. In contrast to those two trends, there has been a pretty small change in the average sale prices in the first six months.</span></span></div>
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<b style="font-weight: normal;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></b></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;">
<span style="background-color: transparent; color: black; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Take the single-family market, for example. In this market, the average sale price for the first six months has not changed. In the condo market, it has only gone up 4.64%. That’s not that much when you have a decrease in inventory of 16.41%.</span></span></div>
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There are a ton of buyers out there looking for homes
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<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;">
<span style="background-color: transparent; color: black; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="font-family: "arial" , "helvetica" , sans-serif;">There has been a sharp increase in what sellers are currently asking for. In the single-family market, sellers of single-family homes have been asking for 11.81% more than what they were this time last year. For condos, it’s even worse. Sellers in that market are asking for 22.75% more than what they were last year.</span></span></div>
<div style="text-align: left;">
<b style="font-weight: normal;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></b></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;">
<span style="background-color: transparent; color: black; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="font-family: "arial" , "helvetica" , sans-serif;">What has all this done to our current inventory levels? </span></span></div>
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<b style="font-weight: normal;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></b></div>
<div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="background-color: transparent; color: black; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In the below $500,000 price range, whether you’re in a single-family home or a condo, that market is red hot</span><span style="background-color: transparent; color: black; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">. There are a ton of buyers out there looking for homes. While single-family properties have growing inventory from $1 million-and-up, we’re actually seeing inventory start to build for condos in the above $500,000 price range too.</span></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: left; white-space: pre-wrap;"><br /></span>
<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: left; white-space: pre-wrap;">If you know of anyone else who’s thinking about buying or selling, I would truly appreciate you sharing my contact information with them. If you have any questions, please don’t hesitate to reach out yourself by calling me or sending an email. I look forward to talking to you soon! </span></div>
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