2018 is Out the Window: Here's the RecapFrom me....The market is still really low on inventory. Buyers are in the market now and ready to make purchases. If you are considering selling, it's a great time. When Spring comes there will be more on the market for you to compete with. This may be a prime time to snatch a buyer. Here is what the Massachusetts Association of Realtors has to say in their most recent report. The Massachusetts Association of Realtors announced the year end closed sales data for 2018The MAR released their year end closed data on January 23, 2019 for 2018. Here is a quick summary. Closed sales for both single-family homes and condominiums dropped year-over-year from last December. There was a small drop in median price for single-family homes and condominiums compared to this time last year and the month also saw the lowest number of single-family homes for sale in the month of December since MAR began reporting the data in 2004. Year-end data for 2018 shows that total closed sales have had a two percent decrease for both single-family homes and condominiums. The year also saw an increase in average median prices for both single-family homes and condominiums compared to 2017. Without an increase in inventory in 2019, closed sale decreases and median price increases are trends that will likely continue. In the report, the MAR president said the following about mortgage interest rates.
Have a question about the value of your house? Houses and Condos We Need for BuyersAs I mentioned above, the inventory is quite low. This week, we have 4 buyers that we are working with to find houses and condos for. We need homes for the following buyers now.Buyer #1The next person we are looking for is a buyer who is looking purchase a condo. The buyer can spend about $200k. The condo fee should not exceed 300/month. The ideal location would be Framingham, Natick, Holliston, Ashland but we are "open" to other areas.
Buyer #2We have a buyer who is looking in Dedham for About 400k - One level living is the most important factor.
Buyer #3I have couple who is looking to downsize from a 4 bedroom home in Medfield. They are looking for a single level condo with it's own private entrance or a home in the tree streets of Norwood |
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