Boston Condos for Sale and Apartments for Rent
This is my slow time for Boston condo sales and rentals
We are well into the slow time in the Boston condo for sale market. The holidays and cold weather mean fewer home sales and fewer properties on the market. Experts predicted Boston condominium sales would start to slow and the inventory of homes for sale would accumulate. They were wrong on the inventory building up.
Boston Inventory Condo Market
The inventory of properties is not accumulating because fewer homeowners have decided to sell. There seem to be plenty of property buyers even with the higher interest rates. We are starting to see buyers put their home search on hold due to job loss. The unemployment rate is still very low but there have been some layoffs in technology jobs.
2023 Spring Real Estate Market
In about the middle of January, things will start to pick up. What we call the spring real estate market is usually in full swing by the end of February.
Right now is probably the best time of the year to buy real estate, especially for cash buyers. Boston condo sellers tend to be motivated this time of year and home buyers are less active.
Happy Holidays for one and all.
