My Boston real estate predictions for the remainder of 2023….
Boston real estate for sale
My Boston real estate predictions for the remainder of 2023….
Well we’re half way through 2023. What will happen to the Boston condo for sale market moving forward?
The experts are saying that the Boston condo for sale market has cooled down and everything will be fine now, in spite of high rates. They are quick to add that nobody can predict the future!
Well, it looks fairly predictable to me.
The previous three years plotted above were the hottest frenzy markets of all-time, so we’re lucky just to be having a similar run of showings. But today those showings will be less fruitful, and even if the 2023 trend can stay close, we probably won’t be having as many actual sales.
If the rest of this year goes about the same as recently, we should have a couple of strong weeks in June, slow down the July 4th week, and then a couple of decent September through October before drifting off from Thanksgiving to the new year.
Mortgage rates would have to get into the 5s for many Boston condo buyers to get back in the game.
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- This time next year, an old white guy will be running for president. Will it be your old white guy?
- The last economic crash was caused by the real estate market. This one will be saved by the real estate market.
- How long will it take for economically impacted buyers to re-enter the market? Ans when summer selling season begins.
- Will a few “quality” weeks at home with family convince people that their home is too big, too small or just right? Ans remodeling industry is going to boom.
- When I turn on the news in a few months, everything above will be wrong.
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