With October sales data just released, we are continuing to see clear signs of the Greater Boston real estate market (and national market) improving. Let's jump right in to the stats:
Now that full July market data for the national, Massachusetts, and Greater Boston real estate markets has been released (plus I reported here about the downtown Boston condo market), we are seeing more and more positive signs in the real estate market. Some of the recent news coverage on both the state and national level has been very interesting:
Is now a good time to buy?
Apparently many buyers are starting to think so. With mortgage interest rates falling to their lowest recorded levels ever (4.78% on average according to the latest Freddie Mac survey) and the implementation of the new $8,000 first time homebuyer tax credit, Boston real estate market activity is starting to pick up. As I briefly mentioned in my latest Boston condo pricing post, I have been seeing signs recently of a big uptick in market activity after being down throughout the winter.
Listed in the charts below is the November single family and condo data for the Greater Boston real estate market* (note: the data charts are in jpg format so if you are on an outside site reading this and you can't see the charts below, click here to go to the full post):