Michael Mahoney - Boston Realtor with Century 21
Michael Mahoney
617-615-9435617-615-9435

How is the Real Estate Market with Covid-19?

How is the Real Estate Market?

Many people have been asking how the real estate market is doing with Covid 19 .ย  ย I took a few moments this morning to explore all of Norfolk County in Massachusetts to see exactly what has been happening.

For purposes of the research here are the criterion used in the analysis is below:

Norfolk County Massachusetts
From 3/17/2020 to 4/11/20202

Active properties: 1193
Pending:624
New Listings: 523

During the period studied, there were 523 properties listed. In the same period, 624 properties were put under agreement between 3/17 and 4/12 2020.

There were 253 properties withdrawn from the market during the same time frame.ย  In most instances, the status of these properties is “withdrawn” which means that the intent is for the property to go back onto the market.

There are currently 1193 properties on the market. The inventory levels are still lower than they were last year, even when you add back in all the temporarily withdrawn and cancelled listings we are still below the inventory levels available last year at the same time.

Norfolk County Massachusetts Real Estate Market

 

 

 

 

 

 

 

 

 

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Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

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