Home Inventory is Down 37%

Home Inventory is Down 37%

Over the past 3 months, home inventory (single-family and condos) through Massachusetts has dropped 36.6% from 15,879 total homes on market to 10,066.

What does this mean?

It means two things. First, if you’ve been thinking of selling, now is a great time to get your home listed for sale. In these market conditions, a good agent who properly markets your home should be able to make your home stand out among the rest. While it can’t be guaranteed, the low inventory should help your chances of seeing a multiple offer scenario. > Learn about selling with us and reach out for an estimate of your home’s value.

Second, if you’re a buyer, the market is going to be fairly competitive as new homes pop up for sale. This means that you need to set your self apart as a “strong buyer”. You should have a solid pre-approval, the ability to put down a decent deposit on the home, and the flexibility to adapt to what the seller is ideally hoping for. These factors vary from home to home and seller to seller, so an experienced agent will know to ask the right questions, and will then be able to position your offer for the best chance of success. A great first step is to have a quick discussion with us about your situation. > We’d love to help find you a home!