The Boston Herald continues its nine-hundred part series on the "housing bubble", with this past week’s story about high inventory levels in the city.
But serious, as I’ve been saying for the past month, if you are a buyer, now is a very good time to be looking – there’s plenty of inventory and, although prices are still high, there is plenty of sellers out there who would be happy to negotiate.
By Jerry Kronenberg, The Boston Herald
House-hunter Malissa Daniels says that with lots of properties up for sale these days, she and her husband had the luxury of holding out until they found the perfect place.
"I think the market is just saturated, and you have your choice now of what home you want,” said the 27-year-old Daniels, who’s closing soon on a $400,000 two-bedroom South Boston condo. "You have the option of taking your time and looking, rather than settling on a home because you need to buy something.”
As the Bay State housing market enters its key fall period, conditions are a lot like New England’s late-September weather: pretty hot, yet noticeably cooler than things once were.
"It’s still a very active market, but I can see it slowing down,” said buyer’s agent John Carpenter, who owns Boston’s Working Dog Real Estate. "There’s a lot of inventory available, and a lot of asking prices are dropping.”