What happened during September of 2019 in Massachusetts….
And What it means to local Real Estate Prices.
The real estate market in the month of August provided for many shifts in the market place when comparing the local markets year over year.
For much of the year the story has been increasing inventory and decreased sales. August had some major pullbacks that could shift the market dynamic as we look to close out 2019.
Inventory throughout Massachusetts shifted rather dramatically in both the Condo and Single Family markets.
The two largest cities in Massachusetts (Boston & Worcester) continue perform on opposite sides of the spectrum.
Spot checking markets throughout the state, we see some markets actually depreciating.
Different towns throughout Massachusetts are performing at different levels. Even neighboring towns will have major swings making real estate more hyper local then ever before.
If you would like to learn more about the current market conditions whether buying or selling a home throughout Massachusetts, reply to this email, give us a call at 617-480-2600 or visit us online.
We look forward to being your real estate resource.