Buyers Jumping Back into the Market at a Frenzied Pace

With stay-at-home orders lifting throughout parts all of the country, stats are showing that buyers are jumping back into the market at a frenzied pace.

When COVID-19 hit in in March, many people put their plans on hold due to the pandemic, what we once called the “spring real estate season” is shifting into the summer. Summer 2020 is the new spring for real estate.

“Weekly Housing Inventory showed continued tightening. New Listings declined 28% compared with a year ago, as sellers grappled with uncertainty and hesitated bringing homes to market. Total Listings dropped 20% YoY, a faster rate than in prior weeks, leaving very few homes available for sale. As Time on Market was 15 days slower YoY, asking prices moved up 1.5% YoY.”

Realtor.com graphic showing prices of homes are up

The National Association of Realtors Video Report

In the video report below by Realtor.com, Senior Economist George Ratiu discusses the unemployment insurance claims numbers amid an increasing number of states reopening business activity.

The video report below is a national report, Boston is BOOMING in comparison.

 

Boston Reports Which Show Boston Market Activity

The Boston housing market is quite different, I will show you that in the report on the last 7 days and the by showing you the number of appointments being set. Wait until you see the showing activity on homes for sale in Boston

 

 

Wait Until You See These New Boston Listings

  1. 5 beds, 4 full baths
    Home size: 3,400 sq ft
    Lot size: 6,100 sqft
    Year built: 1945
    Parking spots: 6
    Days on market: 1
    Walk Score®: 78
    Listed with P Daniel Realty
  2. 3 beds, 3 full baths
    Home size: 2,310 sq ft
    Year built: 1931
    Parking spots: 1
    Days on market: 3
    Walk Score®: 99
    Listed with Campion & Company Fine Homes Real Estate
  3. 3 beds, 2 full baths
    Home size: 1,712 sq ft
    Year built: 2021
    Parking spots: 4
    Days on market: 3
    Walk Score®: 98
    Listed with Advisors Living - Back Bay
  4. 2 beds, 2 full baths
    Home size: 2,137 sq ft
    Year built: 1988
    Parking spots: 1
    Days on market: 3
    Walk Score®: 99
    Listed with Douglas Elliman Real Estate
  5. 3 beds, 3 full, 1 half baths
    Home size: 3,449 sq ft
    Year built: 2020
    Parking spots: 1
    Days on market: 4
    Walk Score®: 96
    Listed with Coldwell Banker Residential Brokerage - Boston - Back Bay

See all Century 21 city of Boston.
(all data current as of 7/13/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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About the author

Michael Mahoney

Michael Mahoney

Boston Realtor

Michael Mahoney is a full time Realtor in Boston, Massachusetts. Michael covers most of Greater Boston. Michael's focus areas are primarily Norfolk and Suffolk Counties. You can reach Michael via email at mike@mmahoney.com or via phone at 617-615-9435. Michael is a sales agent affiliated with Century 21.

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