The real estate chart below shows the June page views, which was probably the peak hysteria for those who were considering a drastic change. I think the heightened activity and sales could have just been from all the people who had been thinking about a move out of downtown cities over the last 2-3 years, and they finally are making the move. If we end up with about the same number of sales as last year, which looks probable, then sales were merely redistributed from April/May to late summer. Maybe a few more people left for the suburbs, but this report makes it look like it’s not a mass exodus.
Are people fleeing the cities for greener suburban pastures?
Housing-market woes? What housing-market woes? Not in the more affluent towns outside Boston:
In addition to Concord, area communities with big-ticket real estate properties — such as Dover, Lexington, Needham, Newton, Sherborn, Sudbury, Wellesley, and Weston — have all seen sales increase since 2009 and 2010, when the economy hit bottom, according to the Warren Group, a Boston real estate publisher and data firm.
Filed under: Recovery