Last week, I said this:
The number of active listings should keep dropping as the year winds down – we have probably seen the 2020 market peak for number of active listings. But we could see the pendings count stay in this range for a few more weeks.
Whoops, the number of active listings has gone up! The MLS
Is the Frenzy of 2021 starting to build? Additional inventory can cause the sales momentum to speed up.
Admittedly, I’m looking for it.
But everywhere I go, boomers are talking about selling their house and leaving the downtown Boston real estate market/ Contractors are booked solid for weeks. Good dishwashers and refrigerators are back-ordered for 4-6 months.
Back in April, I thought October should be flat – and it starts on Thursday! October inventory and sales should be a great indicator of what we can expect in 2021!