You may have heard that the Boston condos for sale market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory in many areas, For example in Boston’s Beacon Hill we have only 18 condos for sale
In a recent interview discussing the housing market, First American’s Chief Economist Mark Fleming put it simply:
“The biggest challenge is really the availability of supply.”
When we look at available inventory numbers released by the National Association of Realtors (NAR), we see that the actual number of homes for sale has decreased in each of the last five months.Boston condos for sale
What does this mean to you as a seller?
The best time to sell is when there is less competition. That guarantees you a better price and fewer hassles in the transaction. Take notice Beacon Hill condos sellers.
If you are thinking of selling your home this year, the best time to put it on the market might be right now. Let’s get together to evaluate the demand for your Boston Beacon Hill condo in our market!