Our current real estate market gives a new definition to the phrase “extreme sellers’ market.”
There is one month of active listings remaining, if the same number of listings sell this month as they did last month!!
There were 21 closed single family homes in the month of June.
There are currently 21 active single family resale home listings available on the market in Franklin.
That’s an eye-opener!!!!
Good morning Barbara. How may of the inventory homes are listed by the "Todaro Team"? Enjoy your day!
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
not enough.... what we have now are from other towns....we have pending sales in Franklin.....
Barbara, that does look like it is an extreme Seller's market and hope buyers know that!
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
I'm sure they're wondering where the "for sale" signs are.....they see plenty of political signs....
Hello Barbara - those numbers of inventory of homes for sale in Franklin Massachusetts are quite revealing. High demand. Low supply. For those who own and want to move - this is a good time. And it's always good to call The Todaro Team when real estate is on ones mind.
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
the chart says it all.... if we can't put up real estate signs, the next best thing would be political signs.... and I've been very busy with them...
Hi Barbara - wow. Interest rates are low for new buyers if only they can find something!
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
there's almost NOTHING on the market....and those 21 are sitting because of the prices....
HI Barbara Todaro - I certainly get what you are saying. This is a good visual to point it out. When I went to the Sedona MLS today, there were 26 properties that went into contract. We have a population of around 10,000+ not including tourists. Buyers and agents seem to be in a panic mode. I have had 18 showings on one property and all the agents are saying the same thing.
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
I've seen and had to work in many different type of market conditions in the past 42 years and never remember anything close to this.... I had deals at 21% interest rates... many, many deals with negative amortization....there's always a way....ha, there is no way to break through this...it originate with Covid-19
Hello Barbara, Wow. Seller market for sure and with interest rates under 3% i hear sold.
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
if they list it will be sold.... not so easily done!!!
Barbara,
I really like this visual you shared with us. It does give us a clear picture of what is happening in Franklin. A
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
we have many buyers and they are buying homes in the surrounding towns if we can't find the right home in Franklin.... buyers are buying!!
I so get it, Barbara... same here... I'm working with a number of buyers in various price ranges and it's really slim pickin's.
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
very slim, Nina...... it's just plain tough out there....
Hi Barbara Todaro, the chart says it all. Some are waiting for home prices to drop, based on the number of listings and high demand, that's unlikely in most of the markets.
Barbara Todaro
Franklin, MA
prices won't drop..... one deal went $50k over list price and the appraisal was off by $5k.... that appraiser stretch it until it had no where else to go..
Barbara you guys have been in a Sellers market for a while now, and it does not appear that will change anytime soon.
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
it's been over a year and it only gets worse....how much worse can it get.... we have 7,722 single family homes in Franklin and 21 are on the market.....
Morning Barbara.
That is a listing agents worse scenario. Hopefully, more will come on the market, to keep it going
Roy Kelley
Gaithersburg, MD
Barbara Todaro
Franklin, MA
that would be fine with me!
Barbara, Big demand for homes in Franklin and low inventory...Sellers it's time to call The Todaro Team now and get listed and SOLD!
Barbara Todaro
Franklin, MA
Roy Kelley
Gaithersburg, MD
Lawrence "Larry" & She...
Plainview, NY
I hope they can hear you!!!
Good Tuesday morning, Barbara.
Take care, be safe and have a great day.
Barbara Todaro
Franklin, MA
...and go out and list 3 or 4 homes!!!
Barbara, similar story here in Delaware. It's tough because buyers don't want to be pushed too hard or too quickly and yet, if they want the house they just saw, they have to be fast and strong. I ask my buyer clients who are on the fence, "If I called you tomorrow and told you the house was gone, would it break your heart?" If it's a yes, then we write an offer now.
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