The Difference a Year Makes in Boston

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Summer is here in Boston. The Red Sox are starting to heat up and so is the real estate market.

The first five months of sales from 2016 are already up 15% from 2015. Much of this is due to an increase in new construction, as well as a respite from the record-breaking snowfall we saw last year. Sale prices have already increased by 8% this year!

Although we’ve been seeing some great numbers for sellers, the market is starting to balance out a little bit for buyers as well. Inventory has been steadily rising and prices are cooling off a bit. If you tried to buy a home earlier in the year, it’s possible that you were shut out and could not find a home. Have no fear because more inventory is here. Buying in the next couple months is a great idea because you can still take advantage of mortgage interest rates below 4%!

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You need to price to
sell in this market.

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We wanted to mention one more thing for the sellers out there. Although you can sell quickly in this market, you can only do so if you’re priced correctly from the beginning. You need to price to sell, not to sit. Overpricing your home will cause it to sit stale on the market. When your home has been sitting on the market for a long time, buyers feel more at ease making offers much lower than the asking price. It’s vital to sell quickly in today’s market.

If you have any questions about the Boston real estate market, don’t hesitate to reach out to us. We would love to hear from you via phone or email.

Avoid Missing Out on Low Inventory in Massachusetts

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

Today, I have some great news to share with you! A year ago, we were buried in approximately seven feet of snow! That’s not the case this year. We’re seeing signs of early spring weather this month.

Ready for even better news? Inventory across the state of Massachusetts is extremely low! Let’s look at it by neighborhood.

In South Boston, there’s 40 active condos on the market, and last fall, there was over 100. In Milton, there are 32 active properties on the MLS compared to last fall’s 95 listings. In Watertown, there’s 2 total properties for sale currently! There’s a clear advantage to listing your home today. Don’t wait for the spring market. Now is the time to act!

If you’re thinking about listing this year in the surrounding Boston area, reach out to me by phone or email. Let’s get started now, so you can take advantage of low inventory right now. I look forward to hearing from you!

Seasons Greetings From Boston

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

Today, I want to focus on gratitude as the new year approaches. It’s a chaotic time, especially when you’re taking care of last minute holiday shopping. I wanted to say thanks to the Boston community for your continual business in 2015. We had the pleasure of helping 68 people buy and sell homes this year.

Rates and inventory are still low, and there’s still time to take advantage of these factors. If you’re thinking about buying or selling a home in Boston, give me a call or send me an email today! I’d love to serve your real estate needs in 2016.