Boston Real Estate Inventory

Increased Sales & Inventory in Downtown Boston Real Estate Market

We're seeing an increase in residential sales activity in the core downtown Boston market right now. Year to date as of February 21, the number of properties going under agreement is nearly 16% higher than in 2020.Reasons for the increase in sales could include pent-up demand, low interest rates, and the increase in inventory (leading to more choice and less competition for properties you might make an offer on).As of mid-February, downtown Boston inventory of condos and single family homes combined is 37.26% above last year at this time. The chart below, from my latest Boston real estate market report, illustrates the rising inventory in recent years. The current availability of downtown Boston condos and homes is the highest it's been since 2011. Downtown Boston real estate market Higher inventory may be due in part to people who were going to put their properties on market in the spring of 2020 and postponed it until now. And some of the current sellers may be part of the uptick in number of people making a move from downtown to the suburbs.For more details on the downtown market, here's my latest report.If youhavequestions about buying or selling Boston real estate, please call me at617-584-9790, or send me an email via the link below. Boston real estate 

Boston Real Estate: Now is the Time to Prepare to Sell

 Boston real estate supply #BostonCondos #BostonRealEstateYou've heard me say for a couple of years nowthat this is a good time to sell your Boston home or condo. The Supply vs. Demand chart above illustrates justhow low the inventory of Boston homes has been. The year 2011 was more the norm historically. The lack of competition in thelow-inventory market naturally creates an environment that favors sellers.The chart above measures the same month-long time frameof December 15-January 15 from 2010-2015. In 2010, citywide, there were 954condos and single family homes on the market. Since 2010, the number of available residential properties has decreased substantially. You can see from the chart that currently it is the highest it has been since 2012, although it is still less than half what it was then.The fact that inventory is slightly higher now than in the last few years makes ita friendlierenvironmentfor buyers. Thismay helptoalleviate the problemso many frustrated buyers have had with getting shut out of deals.If you've been thinking of selling your Boston condo or home, however, this is still an excellent time. Ithelps ifyourBoston propertyis located desirablyand if itshows well. It is also very important that it ispriced correctlyfrom the start.Whether your propertyis in Back Bay, Beacon Hill, South End,South Boston,Leather District,Midtown, Cambridge, Somerville, Brookline, or anywhere in the inner Boston Metro area having experienced guidance, proper pricing and a well-located home that shows well should bring you favorable terms quickly.If you like charts and graphs, take a look at my currentBoston Real Estate Market Report.If youre considering selling your Boston home or condo, you might be surprised to know that the spring market is nearlyupon us!Hard to believe, I know, but NOW is the time to get ready.To sell your home, youll needsomeone skilled in transaction management who can guide your saleto its best conclusion.I have a long history of transactional experience, and I always actively work toavoid pitfalls that can derail a deal. In my 23+ years in the Boston real estate market, Ive made it my priority toprovidemy clients with all the information necessary to make good decisions.In addition, as Associate Director of Sales for Gibson-Sothebys, and alongtime Bostonresident, I combine my local expertise with the global marketing resources of Sothebys. Oursuperior marketing platform providesmy listings with the widest possible exposure to the most qualified clientele worldwide.If youre thinking of selling your Boston home or would like more information about the Boston real estate market, please call me at 617-584-9790 or email meby clicking the blue button. Boston real estate 

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