Market Summary
"The air of hostility that we are bombarded with each day is bleeding into our transactions. Real estate is complicated and agonizing without extra angst. Let's all take a deep breath," suggests Linda O'Koniewski, CEO of RE/MAX Leading Edge. "A gentle reminder for all practitioners, clients and professionals involved; being mindful, constructive and nice may be a good way to start every transaction.
Meanwhile, sellers remain in the driver's seat of the Greater Boston housing market. New buyers are having a tough time accepting the idea that they'll have to pay significantly over asking with little to no contingencies. Remember, no matter what the market, buyers are paying tomorrow's price. They pushed prices down in the decline, and they are pushing prices up in this zealous Boston recovery."
Many sales of combined condo and single-family homes in Massachusetts decreased -7.7% year-over-year. Inventory remains down -27.8% and the number of days on market is also down -27.7%. Median sale prices remain up +9.9% while pending sales are up +14.3%.
Full Report
Arlington
Belmont
Boston
Cambridge
Lexington
Lynnfield
Medford
Melrose
Newton
Reading
Somerville
Stoneham
Wakefield
Waltham
Watertown
Winchester