Weekly Real Estate News
Source: Boston 25 News —
Mass — This is the time when home buyers and sellers come out of hibernation.
The spring real estate market is the busiest time of year.
Melissa Philley and her husband just hit the jackpot: they had an offer accepted on a single-family home inside Rt. 128.
“This one was a little smaller than what we were looking for initially,” said Philley. “It’s a real fixer-upper which wasn’t necessarily something we were looking for.”
Her search didn’t include any sticker shock because she was moving from San Francisco. But the market here still surprised her.
“I think the main challenges are just the competition, and particularly right now, the low inventory.”
The low number of houses and condos for sale has propped up prices, even as demand declined with rising interest rates.
Marie Presti, a realtor who has offices in Newton and Stoneham, says right now there’s about two months’ worth of inventory for sale in greater Boston.
