John & Cindy Farrell – Coldwell Banker
Trying to understand the Real Estate News on the North Shore. There is a lot of information and reporting about the low inventory of homes available to buy. We have many buyers that are just waiting for homes to come on the market. Many sellers are concerned about selling their homes, afraid they won’t be able to find a home to buy once they have sold the one they have.
See the video with Pat Villani, president of Coldwell Banker Residential Brokerage discussing the current market on WGBH Greater Boston.
There are many factors that contribute to our real estate data. Situations like this have the potential to effect the sales data we will be hearing about in the future. Not enough homes for the buyers that are wanting to buy means lower numbers of home sales will be reported. See the News Release by the National Association of Realtors, “Pending Home Sales Slip on Constrained Inventory.”
It is important to look critically at the real estate data that is presented, be aware of the source of the data and how it is interpreted. Having a sound and reliable resource to assist you is invaluable. We can help you understand and navigate the real estate market. Contact us for real estate market information. John & Cindy Farrell
Now may be a good time to consider selling! Properties are going under agreement quickly. Many with multiple offers and many over asking price. Making sure you choose your real estate agents with care is very important! Let us know if you would like a confidential discussion.
