According to the RE/MAX Leading Edge May Housing Report, Greater Boston continues to drive a strong Massachusetts housing market. Sales of combined condo and single-family homes in Massachusetts increased +10.2% year-over-year. Inventory remains down 28.6% year-over-year and prices have risen 3.8%.
“Low inventory has been the key driver of our market for well over a year, especially throughout Greater Boston where multiple offers are driving prices higher” said Linda O’Koniewski, CEO of RE/MAX Leading Edge. “We are indeed in a seller’s market. However, sellers who think they can save money by selling their properties on their own should think twice. A smart, knowledgeable and tactical real estate professional is worth their weight in gold in this market.”
We got a chuckle out of recent news reports that the developer and owner of a big “for sale by owner” website recently listed and sold their home with a real estate agent for $125,000 more than they listed on their own after six months of failure. We have tremendous value if you take our advice.”