Real Estate Market Indicators Show Spring is Blooming!
From my perspective, as an active real estate agent, the spring market is blooming. Out in the field, things are moving fast. Well priced properties sell within days with multiple offers. Still there continue to be overpriced properties that linger for weeks, months, and more. With all the market indicators that we use to monitor the local market, the news is positive.
In order to illustrate the overall market activity, I pulled summary data for single family and condominium sold for the past two years for 10 locations in the Greater Boston Area. The chart compares a snapshot of the period April 1, 2012 to April 1, 2013 (LAST YEAR) to the same period April 1, 2013 to April 1, 2014 (THIS YEAR). The values used for the chart are the percentage of list price to sale price. The data is compelling. In every location, all list to sale price ratios have increased.
The best way I can help sellers and buyers to make confident real estate decisions is to provide useful data relevant to their specific location and property type. Every analysis I do begins with a look at the city or town’s local market data. If you would like the detail report for this data, email me at Janet@JanetPorcaro.net.
[wnt_grid maptype=”above” exactcity=”1″ ownertype=”all” paginated=”false” sortoptions=”false” maxresults=”9″ multi_family=”y” duplex=”y” townhouse=”y” condo=”y” single_family=”y” city=”Newton” listing_status=”Active,Back on Market,Extended,New,Price Changed,Reactivated” max_price=”1000000000″ min_price=”0″ state=”MA” searchtype=”city” primarysearchtype=”active” search_mode=”form” /]