With one holiday behind us and another fast approaching, there's just enough time to take a break from the festivities and look back at how the local housing market performed in November. Generally speaking, it’s still all positive news for our sellers. List prices have increased again year over year, by significant amounts in Concord and Lincoln, and sale prices have followed suit. Even though sellers are being more ambitious with asking prices, the market is supporting these increases – sale prices remain well over 100% of the list price and have even increased on last year. Days to offer continue to fall below last year’s levels – down by more than 75% in Bedford and Carlisle. Limited inventory is still impacting the number of listings sold - Acton, Lexington and Winchester all saw significant drops in the number of single family homes sold this November. So once again, if you are looking to list your home in any one of our in-demand locations, you are in a great position to benefit from the boom in prices and secure a quick sale.
If you want to take advantage of the current market but are struggling to find your next home, what can you do? There are a number of ways to list your current home without risk of leaving yourself homeless. The “Buy Before You Sell” program allows you to do just that – release the equity from your home so you can go forward with your home search and make offers that are not contingent on sale – all while still living in your current home. Speak to a Barrett Sotheby’s International Realty agent to find out more about this exclusive program. Your agent can also talk to you about incorporating a “Use and Occupancy" clause into offers, which enables you to remain in your home for a short period of time while you complete the purchase of your next home. Talk to one of our experienced agents today about these and other strategies to make your next move in this dynamic market.
