Year over Year Market pricing Boston Area Move In Homes. It is interesting to me that we are experiencing both a drop off in the unit numbers, but a jump in the price point. Since I have a property for sale in Newton I am particularly interested in in their numbers. The stats are ever changing on a day by day basis. The averages are just that averages. Your house is different, it will fit in to the averages but no one thinks there house is average.
The overall outlook right now for the market is great. The interest rates appear as if they will stay lower for the next 6 months. The realty about interest rates is that their historical low rate is now a given. People forget the rates of 17% and 18% of the years past. They are not thinking of the 4% and 5% that are headed out way next year before the year is over. When interest rates go up, your buying power goes down. Buyers please pay attention to this. Now is the time to get the most for your money and knowing that interest rates will go up in the next couple of months and your buying power will diminish.
Price alterations are not national, they are not regional, they are local. Your local market will dictate the specifics of what is going on. Your trusted real estate professional and and should be able to provide you with a deep analysis of your local market. If you are in the Boston Area Move In Homes location you can call me and I will help you with information and insight into your neighborhood market.
If you are looking in the luxury market then you are playing to my strength. I pay a lot of attention to what is going on in the markets where I sell my homes. Newton, Wellesley, Weston, Westwood, Dedham, Milton and Back Bay are just some of the areas I have assisted my clients in selling or acquiring a great property.
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