“Consumer confidence continues to drive our Greater Boston market. Some sellers are feeling empowered and sabotaging their sale by over-pricing, and savvy buyers are waiting them out for a price drop and getting good deals.” reports Leading Edge CEO, Linda O’Koniewski. “Sellers rarely get their best price if they over-price when they launch their property. It’s counter-intuitive, but asking for more money never gets you more money.”
August sales of single-family homes in the Leading Edge service area decreased -2.4% year-over-year. Inventory remains down -10.8%. The number of days on market is also down -9.1% while median sale prices remain up +5.8% at $635,000.
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