The Boston Herald ran a story today about the “spring market”. Pretty much, most people look for condos in the city during the months of April and May.
However, the season started late, this year. I’m not sure why. I think sellers were waiting before putting their places on the market, to decide if they wanted to move up and/or out. This article is accurate, pretty much, except I disagree about it being a “buyer’s market”. It very well may be, in the suburbs. However, if you take a look at my activity report you’ll see there’s a real shortage of properties available.
Nancy Connolly and her husband figure that with lots of houses on the market and their son approaching his first birthday, now’s the perfect time to look for bigger digs.
“The spring market is kind of driving us to look,” said Connolly, 44, who hopes to sell her two-bedroom Cambridge condo and buy a four-bedroom Dorchester Victorian. “There’s lots of stuff out there, (which) is why we’re looking now.”
With temperatures rising, days getting longer and flowers pushing up through the soil, the Bay State’s traditional spring real estate market is starting to heat up.
The spring market – which typically begins in late March and ends around June 1 – represents less than 25 percent of the year, but generates about one-third of total annual home sales, according to the Massachusetts Association of Realtors.
Five Most Expensive Listings in Boston Today
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Source: Real estate springs to life: Market begins its busiest season – The Boston Herald