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The Boston Suburbs Housing Market - May Round-Up

The stats for homes sales in May tell a familiar story. Once again, we see prices are up year over year in towns such as Concord, Lexington and Acton. Days on market continue to shrink, and now we are seeing homes with accepted offers in less than a week in Acton, Lincoln, and Westford. Looking at the number of homes sold, figures are down by as much as 50% in Acton and Lincoln, so it’s hardly surprising that market volume is down across the board. It’s not because of a shortage of highly motivated buyers though. We have been tracking the sale price / list price ratio, and it's now well over 100% in many towns, with homes selling for an average of 113% of the list price in Acton last month. The demand is still high for homes in all our towns. There are some signs of hope for buyers though. Inventory is up year over year in Lexington and Winchester - a sign, perhaps, that people are finally ready to make a move after months of putting plans on hold. For sellers though, with prices still rising and demand still high, it really begs the question “what are you waiting for?” 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

If you want to know the full story behind these numbers, talk to one of our experienced agents.  They can give you detailed information for your neighborhood, advise on the best way to market your home to maximize your value, and talk to you about our services such as Buy Before You Sell, which can make your dream move a reality.

 

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