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December 2018 Housing Report

 

 

 

 

The market correction is upon us.  Inventory is on the rise giving buyers a bit of leverage in the market.  We are starting to see price reductions on properties that have not sold and more offers contain home inspections and financing contingencies.  


The Greater Boston Market continues to be strong and favor sellers.  Prices will continue to appreciate nominally in most markets because demand and the economy are strong.  If interest rates go to the projected 5.5% monthly mortgage payments will increase by 8%.  This will fuel a cool down and return to a more normal market.  


November sales of single-family homes in the Leading Edge service area decreased -2.7% year-over-year.  Inventory is up +6.9%.  The number of days on market over the last 12 months is down -21.1% while median sale prices remain up +7.1% at $621,000.

 
 
 

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Full Report

Arlington Single Family Housing Report

Arlington

Reading Housing Report

Belmont

Boston Housing Report

Boston

Cambridge Condo Housing Report

Cambridge

Lexington Housing Report

Lexington

Lynnfield Housing Report

Lynnfield

Medford Single Family Housing Report

Medford

Melrose Housing Report

Melrose

Newton Housing Report

Newton

Reading

Somerville Single Family Housing Report

Somerville

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Stoneham

Wakefield Housing Report

Wakefield

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Waltham

Watertown Single Family Housing Report

Watertown

Winchester Housing Report

Winchester

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