Neither the cold weather or the Pats game (sorry, I know…) were slowing down the real estate market this past weekend. Here’s why: As our friends at MSA Mortgage pointed out in the above chart, interest rates are still very low. Buyers are out in force, looking to snag a home before the spring market gets a little crazy and rates start to creep up.
Additionally, there are many businesses that are actively recruiting new hires, many of whom are relocating to Boston from out of state due to our highly rated public schools and world-class medical care. We’re seeing a lot of these families starting their home searches early this year. I’ve spent some happy weekends lately tromping through the snow to show off some fabulous homes in Concord, Wellesley, Dover, and Sherborn. (And we saw a few odd ones in the mix too. Never a dull moment in the real estate world!)
Personally, although I’m thrilled to see the market so busy, I’d love to have more homes coming on the market. Talk with any realtor in the Greater Boston suburbs and you’ll hear them lament that they have more qualified buyers than there are homes for. The experts say that 2014 will be the year when more homes come on the market to fulfill this demand. I hope that is so!
If you’re considering selling your home in the Boston suburbs, I invite you to give us a call (508-904-4967) or email us for a free comparable market analysis – and a detailed marketing plan of how we’ll help you to sell your home.