“The Greater Boston housing market continues to stump frustrated buyers,” reports Linda O’Koniewski, CEO of RE/MAX Leading Edge. “Massachusetts’ low unemployment rate and population growth are outpacing the Northeast and contributing to the demand for housing that just doesn’t exist. Buyers are being forced to locate further away from the Boston hub or else compete with the likes of dozens of offers. It has never been more important to have a skilled and experienced real estate professional to guide you through the process.”
April sales of combined condo and single-family homes in Massachusetts decreased -13.9% year-over-year. Inventory remains down -32.7% and the number of days on market is also down -28%. Median sale prices remain up +4% while pending sales are up +3.8%. Take a look at the full April 2017 Housing Report.