Are you in the market to sell your Boston home? U.S. home prices jumped in February as buyers compete fiercely over a dwindling number of properties for sale. The S&P CoreLogic Case-Shiller national home price index just released jumped 6.3 percent in February from a year earlier, matching December's increase. That jump was the largest in nearly three years, according to MSN Real Estate.
Steady job gains and rising numbers of millennials moving out on their own has intensified the competition for homes. February's price gain far outpaces average increases in wages or inflation. Sales of existing homes ticked up in March but actually declined slightly from a year earlier as the housing shortage constrained sales.
Homebuyers are getting increasingly aggressive, snapping up homes an average of 30 days after they are listed in March, down from 34 days a year earlier.
"Competition is fierce, offer windows are short and tensions will inevitably run high for many buyers as the spring shopping season unfolds," Svenja Gudell, chief economist at real estate data website Zillow, said.
If you are concerned about entering the market, have no fear
– a Boston, MA 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, MA real estate agent
today to start the process.
Lucas Garofalo
Keller Williams Realty
(617) 861-3631
Lucas@LucasBostonHomes.com
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