Homes Sell Faster as Inventory Becomes More of an Issue in Greater Boston

By
Real Estate Agent with Keller Williams Realty Boston - Metro

strong manA recent Boston Herald article on home sales for the Greater Boston area hints to the possibility that the market in Greater Boston is off to a quick start with low inventory. Further many agents within Keller Williams Realty Boston-Metro are reporting that this has resulted in property being put undergreement in days not weeks or months and that buyers need to react quickly. Is it possible that many sellers finally get it (pricing their homes to sell as opposed to pricing high for room to negotiate)

 

 

 

Medford MA Single Family Market Update As of February 24, 2012
Units On The Market: 42 homes (of which 13 are flagged as having offers pending satisfaction of some form of commitment like financing).
Units Under Agreement: 26 homes (of which 9 have market times less than 45 days).

This compares to Medford MA Home Sales for previous years as follows?
today - 6 months: Sold 118 Avg. Liv.Area SqFt: 1,707.04  List$: $365,522 List$/SqFt: $222 DOM: 98.97 Sale$: $351,168 Sale$/SqFt: $213

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This post on Medford MA Single Family Real Estate Market Update origionally appeard on http://www.DistictiveBostonRealEstate.com/

Comments (1)

Rosemary Brooks
BMC Real Estate - 209-910-3706 - Stockton, CA
The Mother & Daughter Realty Team

I agree it works that way here in the California Central Valley as well.  Just let a buyer lose a bid because they were a little low.  They will bring up the next offer without a fight!!!

Apr 12, 2012 04:03 PM