Amidst a generally positive outlook for the region’s economy, the Federal Reserve also reports that the region’s real-estate market is also humming along:
Based on numbers for September and contacts’ “sense” of October results, it appears that sales of single-family homes and condos continue to improve throughout New England, while prices continue to approach, and in some states exceed, pre-recession levels. Sentiment across the region is that the recovery is well underway, but sales activity will likely begin to moderate in the months ahead as winter approaches. Pending sales are expected to decline in a few states, and contacts in the field attribute the decline at least partially to a drop in consumer confidence resulting from the recent government shutdown. While some contacts cite consumers upgrading homes, respondents in other states say sales growth is driven primarily by first-time home buyers.
To learn more about the Boston pet friendly real estate market please feel free to call our office at 617-720-5454. You can also stop by our Beacon Hill office at 137 Charles Street, Boston MA.
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Updated: January 2018