My Boston condo thoughts as we approach the month of April
Boston Condos for Sale and Rent
My Boston condo thoughts as we approach the month of April
Are you wondering if not all Boston condos for sale are listed on MLS? The answer is many are sold “Off-Market.” The term “off-market” are listings that are for sale, but not listed on MLS.
off-market sales are becoming increasingly popular, offering homeowners a way to simplify the selling process and potentially maximize property value.
According to one study, 3,000 Mass homes were sold “off-market”
My gut feeling is that this trend will increase into 2025.
Peace be with you
Ford Realty Inc Google Reviews
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My Boston condo thoughts as we approach the month of April
As mortgage rates rise in concert with The Fed’s rate hikes have increased, fears about the Boston condo for sale market pricing out would-be Boston condominium buyers continue to fester as we approach the Spring 2023 housing market.
The interest rate on a 30-year fixed rate mortgage is hovering around 6% (slightly above) at the time of this published real estate blog post.
And not only is it becoming more expensive to borrow money, but most real estate brokers investors and builders have said they don’t anticipate housing prices will drop significantly but will instead grow at a slower rate.
However, there are signs that the market is shifting towards buyers, bidding wars have evaporated and sellers are open to concessions,
That’s all I have for now, but I’ll have more Boston real estate blog posts later today.
View Ford Realty Inc., Google Reviews
