Market
statistics
• Typical home seller owned home for 10 years
• For sale by owners dropped to all time low
of 3% and 41% of those sellers knew the buyer
prior to the sale
• Expect interest rates to climb to an average
of 4.5%
• Unemployment at a 17 year low should drive
market stability
• Slow rate of home building in many home
markets will create housing shortages in
some markets due to lack of land
• Urban suburbs are the focus for many
millennialS spurring revitalization
• Smaller home trend will continue
• Lack of inventory in many price points will
drive pricing higher this year
father used to say, the “spirit of spending” was not in
the air, especially at the start of the year. Wall Street’s
health throughout the year did not translate to Main
Street sales volume. Towns like Acton, Burlington
and Waltham and a few others did have positive and
substantive years, but that was due to infrastructure
and proximity to increases in office space as well as a
micro focus by value driven buyers.
Overall the market proved statistically healthy as
median price increased in many cases and days on
market for homes that sold was reduced in many of our
local communities. It does seem that either walkability
to amenities or updated condition contributed to what
homes actually sold for this year. Sellers in the bottom
25% of value in their communities benefited from the
investment/building community, and first time home
buyers competing for their homes. In those cases and
price points, condition had very little to do with the
ability to sell. There was demand.
It is difficult to coach on all the different nuances of
the market. Please contact us if you need specific and
honest advice. Like I said at the start, we take our
assignments seriously. We care about our professional
standards and will not sacrifice them for a buck. We
are the ones to call.
Of MA HOME BUYERS and sellers used an
AGENT TO PURCHASE or sell their homes 92%
Of first time buyers were between
25-34 years old 59%
92% Of buyers financed their home purchase
Of sellers in the state did not have to
reduce price before their home was sold 58%