“Schizophrenic,” best describes the market in and around Boston. Our savvy agents observe an unpredictability as one property sells with stiff competition while a similar property might not be selling. The crazy political climate has injected uncertainty,” reports Linda O’Koniewski, CEO of RE/MAX Leading Edge. “Sale to list price ratios are falling, but demand for well priced properties where buyers perceive value remains vigorous. New construction continues to explode in affluent markets like Newton, Lexington, Winchester and throughout Boston proper.”
In September, sales of combined condo and single-family homes in Massachusetts decreased -4.7% year-over-year and pending sales are up +4.3%. Inventory remains down -29% year-over-year and prices are up +6%.