Greater Boston Real Estate Report for
August 3 2018
The Massachusetts Association of Realtors just released their data on June 2018 in their Market One Sheet Report which provides a quick overview of the MA Market and Trends. The overview of this report is below.
Have a question about the value of your house?
As you will see, the report shows that inventory is still down. If you know someone with the Pepto Bismol Pink Bathroom, their house is a good candidate for this market
Just as a sidebar, if you are considering putting your property on the market – you need to be careful on pricing.
Many homeowners will look at the lower inventory levels and attempt to overprice a property. This is a mistake we see playing out time and time again in the market today. Owners attempt an higher list price thinking the buyer will overpay since there is less than normal inventory. Ultimately, the buyers purchase another property and then the seller has to reduce their price sometimes to at or below market value. There is more to the process than the inventory level.
Interested in the National Real Estate Market Overview?
Last week’s focus were the national real estate stats in the United States. If you missed he national report, you can read the blog post on the June 2018 National Real Estate Stats here