Boston Home Sales Report

If you are on the fence and wondering if now would be a good time to sell your Boston home, you are not alone. The best time to sell anything is when demand is high and the supply of that item is limited. Is this the case for the Boston real estate market? The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your Boston home.

The data covered by the latest Pending Home Sales Report and Existing Home Sales Report suggest the following.

In summary, the demand for housing will continue throughout the end of 2016 and into 2017. The report announced that pending home sales are up 2.4% over last year, and have increased year-over-year now for 22 of the last 25 consecutive months. Furthermore, the seasonal slowdown is not likely to affect this year. The inventory of homes for sale is still well below the 6-month supply needed for a normal market. Prices will continue to rise if more supply does not enter the market. If you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers that are still out looking for a Boston home.

Lawrence Yun, NAR’s Chief Economist, was quoted:

"Buyer demand is holding up impressively well this fall with Realtors® reporting much stronger foot traffic compared to a year ago," he said. "Although depressed inventory levels are keeping home prices elevated in most of the country, steady job gains and growing evidence that wages are finally starting to tick up are encouraging more households to consider buying a home."

If you are concerned about entering the market, have no fear – a Boston real estate agent is your best asset to accomplish your real estate goals and more. If you’d like to dramatically increase the chances that your home sells, you should list your home with a Boston expert. As a real estate professional, I am an expert in our area and will know exactly what needs to be done to get your home sold quickly and for top dollar. Make your home selling experience an educated one. Please contact a Boston real estate agent today to start the process.

 

Lucas Garofalo

Keller Williams Realty

(617) 861-3631

Lucas@LucasBostonHomes.com

Connect with me:

Facebook
Twitter