Boston Real Estate Market Update
Selling your home is one of the biggest decisions (and undertakings) you go through as an owner.
In order to keep positive equity, deciding WHEN to sell is just as important as how much you decide to list your property at.
Seeing data and trends make a huge difference so you are informed to capitalize at the right time.
Here are the most important stats for FEBRUARY that you should know if you've been thinking of putting your home on the market
|Avg Days on Market||50|
|Avg Sales Price ||$789,631|
|# of Homes For Sale||439|
|# of Homes Sold||175|
|Sales to List Price Ratio||98.5%|
|Average Sales Price/Foot||$790|
Inventory is DOWN 10.5% when compared to Feb. 2016
We are forecasting the market to continue favoring sellers this spring but don't wait too long! Interest rates are set to rise over the next quarter or two which means buyers will have less buying power.