If concerns about bidding wars have been holding you back, it may be time to take another look. Nationally, competition is down. In some markets, it’s down significantly. CLICK HERE for full blog.
Getting the best offer possible requires a thorough bird's eye understanding of the field, the situation, your seller, and the buyers. We're going to go over the steps you can take to ensure your deal secures the best offer.
Single-families, condos, co-ops, and townhomes had a median price of $274,500, which reflects a +7.8% YOY. The median price for single-family sales was $276,900, while condos pulled $255,400.
We are busting five myths about real estate during the COVID-19 pandemic.
The median sale price of homes jumped 11% year over year by July 25. The price, $315,000, its the highest sale price registered since 2014.
Real estate agents report that June was the second month in a row in which high competition occurred. Bidding wars within the United States were more common than expected.
For the past two months pending homes sales have noticed a significant decline, however, in May they raised by 44.3% compared to April, according to the NAR (National Association of Realtors).
With the warm weather coming back, and states easing lockdown restrictions, buyers are finally flooding back into the market. However, amongst the uncertainty, they're noticing a critical factor is at play; nobody is selling!
A perennial for-sale crunch in the People's Republic fuels a climate of bidding wars and over-asks harsh even by Greater Boston standards.
Prices are expected to start at $600,000, and pre-sales should start soon.