Boston Area Move In Homes Luxury Housing Market Report. Statistics brought to you by the International Luxury Home Marketing Service (ILHM). I am a Million Dollar Guild member which is it's highest designation. The Spring market is upon us and the properties coming on the market, and in many cases coming back on the market are taking note of the prices and are coming on the market priced to sell.
- Boston Luxury Housing Report
Inventory remains low across many of the price points in real estate this Spring, but in many areas there are as many as 9 months of inventory which is 3 months beyond a normal market. There is always an uptick on new inventory in the Spring and there will be a number of quick sales to be expected over the next 30 days.
- Boston Luxury Housing Report
The Days on Market always shrinks early in the Spring but will drift back upwards as these early movers actually move in and we settle into the later Spring market. Days on Market in the luxury category is always greater than the average market because there are fewer buyers in this range. You can expect this slide to move back upwards over the next couple of weeks this Spring.
- Boston Luxury Housing Report
Price drops over the next couple of months will slide back up as those remaining on the market seek to be sold. What is important here is that if you are a buyer you need to understand when a property is below market value and will not drop any more. Many of these home owners do not have to sell and can wait. If a property is correctly priced and has not lowered their price in a while, do not wait. This property could be a steal and could go away if you don't make the offer. This has been the Boston Area Move In Homes Luxury Housing Market Report
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