From the Wall Street Journal:

Home resales surged 10.1% in October – hitting the highest pace since February of 2007 — fueled by buyers rushing to tap the federal tax credit. It helped that home prices and mortgage rates remain low, possibly making the monthly mortgage payment more affordable than renting in some areas.

That has eaten into the number of homes available for sale. At the end of October, total inventory fell 3.7% to 3.57 million existing homes available for sale, a 7-month supply for the first time since February 2007, the National Association of Realtors reports today. That makes unsold inventory–nearly 15% below a year ago–just a tick above the six-month mark that typically represents a healthy market.

“The supply of homes on the market is now at the lowest level in over two-and-a half years — we’re getting closer to a general balance between buyers and sellers,” says Lawrence Yun, the trade group’s chief economist.

But don’t break out the bubbly just yet:
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Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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