housing inventory: Season of Bidding Wars
- 02/14/20 09:28 AM
Are you house hunting? well, get ready for serious competition with other buyers. Low inventory during the winter is setting an upcoming property bidding war. On another hand, home prices have escalated or increased in many cities, price pressure is no longer a "normal" thing only in San Francisco or New York. Inventory is no longer sitting for months, it is sixty days, at the most since buyers are going by them fast. These conditions are benefiting home sellers that want to quickly trade their property and make money out of it. The inventory shortage is a known issue for buyers and real estate agents, besides frustration, the struggle is real, putting together offers when there is … (1 comments)
Single-family housing inventory in the Greater Boston area fell 16% year-over-year in May to a 3.3-months supply, while condo inventory dropped 16.7% to just 1.8-months. Those two stats came courtesy of the latest analysis from the Greater Boston Association of Realtors (GBAR), which reported that the same old, same old for the Boston area's housing market.
Single-Family Housing in Greater BostonBelow are GBAR's main findings or Boston's single-family housing market: Closed sales dropped 10.9 percent to 1,074. Median sales price, meanwhile, rose 3.4 percent to $480,000; housing affordability, interestingly, rose marginally, … (0 comments)
Are you house hunting? well, get ready for serious competition with other buyers. Low inventory during the winter is setting an upcoming property bidding war. 
;)
;)
;)
