Boston condos

Boston condos

Boston Massachusetts Real Estate

The Massachusetts Association of Realtors is reporting that pending homes sales went through the roof last month compared to a year ago, hitting levels not seen since 2004.

Bottom line: We’re in a uber-seller’s market, folks.

From the MAR release:

“May was a tipping point as increasing prices and interest rates pushed qualified buyers to make offers that sellers accepted in great numbers,” said 2013 MAR President Kimberly Allard-Moccia, broker-owner of Century 21 Professionals in Braintree. “However, we still need more homes on the market and hopefully this activity will spark potential sellers to list their homes to help meet the demand.”

The number of single-family homes put under agreement in May was up 83.6 percent compared to the same time last year (9,075 homes in 2013 from 4,944 homes in 2012). This was the most homes that have gone under agreement in any month that the Association has available data (starting in January 2004). This was also the first time that pending home sales went over the 9,000 home mark and the biggest monthly year-over-year increase ever recorded. On a month-to-month basis, single-family homes put under agreement were up 58 percent compared to 5,738 homes put under agreement in April 2013.

So it looks like people were snapping up homes no matter how few were out there — and putting down the money.

File under: Seller’s market, extraordinaire

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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