“Home buyers are storming open houses in anticipation of rising interest rates while sellers remain reluctant to sell keeping inventory at all time lows. Our agents are experiencing packed open houses making purchasing a home as competitive as ever. Our agents, however, are skilled at helping buyers make the most competitive offer with the most competitive terms and conditions,“ reports Linda O’Koniewski, CEO of RE/MAX Leading Edge. “Sellers who put their homes on the market now vs waiting until the Spring will insure they get the highest price possible.”
January sales of combined condo and single-family homes in Massachusetts decreased -.4% year-over-year. Inventory remains down -32.1% and the number of days on market is also down -24.1%. Median sale prices remain up +7.6% while pending sales are down +5%.