The real estate market is highly dependent on supply and demand. It continually changes each year and even from season to season. If you are contemplating entering the market, the following is information on the MA fall real estate market update.
Fall historically is an active time of year. Buyers look to finalize their property purchase prior to the winter, the holiday season, and end of year (for tax benefits). Interest rates are also at historic lows, allowing more individuals to afford home ownership. This fall, some markets are facing low inventory levels. This can be due to less foreclosure listings, sellers holding on to their homes waiting for values to rise, or sellers falsely thinking that real estate is not selling. Whatever the cause, it is causing low inventory while demand is high. The result is a lot of activity for any new listings, competing offers on properly priced listings, and properties quickly going under agreement.
Beyond the MA Fall Real Estate Market Update
If you are considering selling, it is a good time to do so. With a Realtor who understands the market, your real estate can be marketed to move quickly and for maximum market value. If you are thinking of buying, have a pre-approval completed and be ready to act quickly. Homes in good shape and priced right will not remain on the market long. This MA fall real estate market update blog is merely an overview. For detailed MA market values or help with listing or buying, call Jonathan de Araujo at William Raveis Real Estate at 339-200-9444.