The Boston condo for sale market is changing.

As I reported before, experts are predicting Boston condo prices will continue to appreciate over the next few years, but at a slower rate than we’ve seen in recent years. Other major indicators such as housing startsnew home salesexisting home sales and homebuilder confidence have trended down over the past few months, and it appears we are moving towards a more balanced market.

Furthermore, Freddie Mac forecasts mortgage rates to hit 5.1% in 2019 and 5.6% in 2020. 

This might leave you asking, “When is a good time to list or buy a Boston Seaport condo for sale in 2019?” 

For Sellers

In the industry, we often refer to the January-February market as the “sweet spot” for listing because competition is very low and buyers hit the internet to start shopping for Boston condos for sale. This means your house gets more attention during the Winter months, putting the law of supply and demand on your side. By now you want to list your Boston Seaport condo for sale, as the warmer weather is moving in.

Plus, buyers that are actively visiting properties during the Winter are more serious buyers, which means less showings producing a contract, as the chart to the right demonstrates.

For Buyers

Consider bumping up your Boston Seaport condo search before the influx of buyers in the typical spring market. You’ll buy while interest rates are relatively low and before rates start to climb. A win-win! Plus, you can avoid the dreaded bidding war, which still happens in Boston Beacon Hill condos and Boston Midtown condos for sale. Another tip: lock in your rate now since primary mortgage rates are still low.

If the talk of rising interest rates and home prices scare you, remember, mortgage rates are still historically low, and many experts agree that Atlanta is not overvalued or in a price bubble because the economy is so strong, and prices are still affordable compared to many cities.

Conclusion

As always, if you’re buying, selling, or just have questions, feel free to contact me an email, or text or call me at 617-595-3712

John Ford

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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