Is It A Good Time To Sell My Boston Condominium? Boston Condos For Sale Ford Realty

Thinking about your Boston Seaport condo? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move.

Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell is on the rise (see graph below):

Why Are Boston Condo Sellers Feeling so Optimistic?

One reason why is because right now is traditionally the best time of year to sell a house. A recent article from Bankrate says:

“Late spring and early summer are generally considered the best times to sell a house. . . . While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets.”

These are the seasons when most people move. That means buyer demand grows. And because there still aren’t enough homes for sale to meet that demand, sellers see some serious perks. According to Rocket Mortgage:

“Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.”

What Does This Mean for You as a Boston Seaport Seller?

More sellers are coming to realize conditions are ripe for a move. And that’s one reason why we’re seeing more homeowners put their homes up for sale. If you think you might want to get in on the action, it’s a good idea to start preparing.

A local real estate agent can help you get your house ready by offering advice on how best to fix it up and make it appealing to buyers in your area.

They also know if you list during the peak buying seasons of spring and early summer, you might sell quickly and for a higher price.

Boston Condos for Sale and the Bottom Line

If you list during the spring and early summer, you might sell your condo quickly and for a higher price. When you’re ready to make the most of today’s seller’s market, let’s get in touch.

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Is it a good time to sell my Boston condominium?

Boston condos

I hear this inquiry frequently. “Would it be advantageous to market my Boston dwelling right now?” The response is affirmative. Despite the sizable interest rates in the range of 6.5 to 7 percent, both cash purchasers and those obtaining mortgages are buying up properties.

The condominium market in Boston is maintaining a constant rate of sales, although it has decreased from its peak the previous year.

For those with enough money to purchase a property outright and not concerned with high rates of interest, the response to the inquiry ‘Is this a decent time to pick up a condo in Boston?’ is obvious.

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Is it a good time to sell my Boston Seaport condominium?

For those of you who might be thinking it’s a good time to sell your Boston condominium, you are right. Inventory levels are at historically low levels right now. Yes, the sellers are back in control over the market currently especially under the $500,000 Boston condo range.. If you think you want to sell, the best thing you have going for you right now is the low inventory levels we have currently. You will be able to push your price a little and capture a bit of a premium because of the low inventory levels. If you are a buyer, you need to react quickly when you find a condo on the market you like because if you hesitate, you could lose out.

With that said, I believe buyers are being a little smarter this time around and not chasing deals with excessive multiple offer situations. In other words they are being much more patient. While they might not get the unit they want, this time around they are willing to wait for the right one to come along without getting into a bidding situation.