Real estate prices fluctuate based on supply and demand. It continually adjusts from year to year and each season. If you are thinking about entering the market, below is information on the MA fall home market.
What to Expect this Fall
Fall historically is an active time of year. Buyers attempt to complete their real estate purchase prior to the winter, holidays, and end of year (to take advantage of tax benefits). Mortgage rates are also extremely low, enabling more individuals to afford home ownership. This year, certain regions are seeing low inventory levels. This can be caused by less foreclosure listings, sellers holding on to their homes waiting for values to increase, or sellers falsely thinking that real estate is not selling. Whatever the cause, it is leading to less inventory during a time of high demand. The result is an influx of activity for homes new to the market, competing offers on desirable properties, and properties going under agreement within short time frames.
Beyond the MA Fall Home Market
If you are considering listing, it is a good time to do so. With a listing agent who knows the area, your real estate can be positioned to move quickly and for maximum market value. If you are thinking of buying, get pre-approved and be prepared to act quickly. Homes in good shape and properly priced will not remain on the market long. This MA fall home market blog is merely an overview. For detailed MA real estate statistics or assistance with listing or buying, call Bradford Pratt at REMAX on the Charles at 781-316-5760.