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Boston Condominiums New Listings

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Boston Condominiums New Listings

what I/m about to tell you is very important guide on whether you or your Boston condo for sale broker listed your condominium correctly 

  • If you are getting showings and offers, then the list price is in the ballpark 
  • If you are getting showings but no offers, then the list price is 5% to 10% too high.
  • If you’re not getting any showings, then the price is more than 10% wrong. In other words you’re in trouble, corrections are needed.

Lowering the price early and often is prudent too. The initial urgency wears off quickly, and once a home has been on the market for months, it invites lowball offers because buyers know it’s just a sitting duck.

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According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s mostly because the inventory of homes for sale is so low today.

If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search.

Early Signs Real Estate Residential Inventory May Be Growing

The latest data from realtor.com shows the number of listings coming onto the market, known in the industry as “new listings,” has increased since the start of the year (see graph below):

Are There More Homes Coming to the Market? | Simplifying The Market

This indicates more Boston condo sellers are listing their homes for sale each month this year. And according to realtor.com, this growth is expected to continue. Their research finds the majority of potential sellers plan to list their homes over the next six months. Realtor.com says:

“. . . markets may see a noticeable bump in the number of homes for sale as we move through spring and into summer. A majority of homeowners planning to sell this year indicated that they aim to list in the next six months, with almost 10% having already placed their properties on the market.”

Homes Are Still Selling Quickly

But while new listings are increasing, it’s important to know they’re also selling quickly. The latest Realtors Confidence Index from NAR shows the median days on market for recently sold homes since the beginning of the year (see chart below). The time on the market has decreased month-over-month. That means homes are selling even faster than they did the previous month.

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Are There More Homes Coming to the Market? | Simplifying The Market

What That Means for You as a Boston Condo Buyer

While a low-inventory market is difficult to navigate as a Boston condo for sale buyer, there is hope. The growing number of new listings and the expectation more sellers will list their homes in the coming months is great news if you’ve had a hard time finding a home that fits your housing needs. Just remember, those new listings are going fast. That means you’ll want to keep your foot on the gas and be ready to act if you find a home you love this season.

Your agent can help you stay on top of the latest listings in your area so you can find the home that’s right for you and submit your strongest offer as quickly as possible.

Boston Condos and the Bottom Line

If you’ve been having a hard time finding your dream home, stick with your search. More options are coming to market and your ideal home could be one of them. Let’s connect so you can stay up to date on the latest listings in our market, so you can be ready to move fast when you find the one that’s right for you.

Click Here to view: Google Ford Realty Inc Reviews

Boston condos
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Boston Condominiums

New Boston Condominiums Listings 

 

Pet Friendly Boston condo for sale.

Pet friendly luxury condo for sale at the Ritz Carlton with price reduction.

Back Bay luxury pet friendly condominium with a recent price reduction.

Boston South End Condos pet friendly fro sale under $1,000,000.

Boston South End  price reduction for pet friendly property.

Downtown Boston Financial District luxury condo with a  price reduction dogs and cats welcome.

Boston Waterfront pet friendly properties with reduced asking price.

To learn more about the Boston pet friendly real estate market please feel free to call our office at 617-595-3712. You can also stop by our Beacon Hill office at 137 Charles Street, Boston MA.

 

Source: MLS

Three bedroom Charlestown condo for sale.

Boston condo for sale in Charlestown.

One bedroom Boston condo for sale in Charlestown Massachusetts.

Boston condominiums for sale in the Back Bay area.

New Boston condos for sale in Back Bay.

Luxury Boston condos for sale in Back Bay.

The best Back Bay condos for sale.

View luxury Back Bay condominiums and homes for sale.

View new Beacon Hill condos and townhouses for sale in all price ranges.

Today’s newest Boston condos for sale in one of the finest areas of Boston.

Boston South End condos and homes for sale, new to the market.

 

Source: MLS

View Back Bay condos for sale:

Newest Back Bay real estate listing for sale.

Back Bay luxury condominium for sale.

Use the quick search box to view new Back Bay condos for sale.

For more information on how to be a Boston condo owner please contact John Ford at 617-595-3712. You can also email at realtyford@yahoo.com

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Contact me to find to set up an appointment to start your Boston condo buying process.

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SEARCH FOR CONDOS FOR SALE AND RENTALS

For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

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