Will people buy real estate, this spring?
Your guess is as good as mine.
Last year, we ended up having a fair spring, with good levels of inventory and sellers getting close to full asking price.
Then, things dropped off, a lot (volume-wise, at least).
Then, for about a week in the fall, things were hot.
This past week, I feel as though things have gone red hot, based on the activity I’m seeing in the South End, Back Bay, and Beacon Hill. A good number of under-agreements, and a jump in new units on the market.
And, is there a better bell-weather than the Court Square Press building? Some units have sold there, within a matter of days; some have stayed on for 200, 300, 900 days.
Yet, over the past week, three units have gone under that were on the market for a month or less, and a new one has come on the market at a good price.
If they’re encouraged, everyone should be.