The following excerpts are from the MA Association of Realtors:


The condominium market saw November inventory decrease by 14 percent from last year (11,983 listings in 2008 to 10,313 listings in 2009), which translates into 6.5 months of supply, which is down from 13.2 months in November 2008 and down from 7.3 months this past October. This is the 20th straight month that inventory has gone down compared to the year before.

“Inventory continues to be lacking, but the stabilization in prices in November and the $6,500 tax credit for move-up buyers should start to increase the number of homes for sale in the market,” said Rogers.

Detached single-family homes stayed on the market an average of 116 days in November 2009 compared to an average of 137 days in November 2008, while condos stayed on the market an average of 128 days, down from an average of 149 days in November 2008. On a month-to-month basis, days on market for single-family homes were down from 126 days and condos were down from 137 days in October.

What do you think the 2010 real estate market look like; based on the MA Association of Realtors report?

Author Profile

John Ford
John Ford
EXPERIENCE

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.



HISTORY

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.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
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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