The number of homes on the market is down in Massachusetts since last year.
In the last week or so there were significantly more homes sold in St. Massachusetts than there were new listings.
There are all sorts of reasons why people want to buy a Boston condo for sale right now and there are reasons why people don’t want to sell. Some of it has to do with uncertainty and with not wanting to let people into their high-rise Boston condo. Some homeowners would like to sell but can not find the perfect downtown Boston condo they want to buy right now.
We are going to see a lot of pent up demand . . . eventually. Overall people do not move as often as they used to and now that so many people can work from home maybe won’t move as often in the future either.
I read a couple of articles yesterday that suggests that in most of the country there is no exodus from the city to the suburbs because of the pandemic or because of civil unrest.