March 2018 Greater Boston Real Estate Market Trends

Here’s March 2018’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


March 2018 Greater Boston Real Estate Market Trends

A limited supply of homes for sale, appreciating home values, and rising mortgage rates tempered sales of single-family homes and condominiums at the start of this spring real estate season from a year ago levels in Greater Boston, according to data issued from the Greater Boston Association of REALTORS® (GBAR).

Sales of detached single-family homes saw a year-over-year decline of 13.1 percent in March as 728 homes were sold compared to the 838 homes sold in March 2017. This year’s sales total is the tenth highest figure on record for the month of March and is a 51.7 percent increase on the February 2018 sales total of 480 homes sold. The condo market also experienced a decline in sales of 10.3 percent from 823 in March 2017 to 738 in March 2018. March condo sales total is the eighth highest on record for the month and is also a 58.4 percent increase on the 466 condos units sold in February 2018.

Condominium
  • March condo sales DOWN -10.3%
  • Median prices UP +6.3% ($547,608)
  • Active Listings DOWN -22.9% to 1,316
  • Listings added to the market DOWN -13.9% over last year (1,247 from 1,449 in 2017)
Single-Family
  • March single-family home sales DOWN -13.1%
  • Median prices UP 4.9% ($579,950)
  • Active Listings DOWN -22.9% to 1,970
  • Listings added to the market DOWN +16.8% over last year (1,576 from 1,894 in 2017)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

March 2018 Boston Real Estate Market Report

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

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February 2018 Greater Boston Real Estate Market Trends

Here’s February 2018’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


February 2018 Greater Boston Real Estate Market Trends

Amid a short supply of homes for sale and rising mortgage rates, overall sales of single-family homes and condos softened in Greater Boston this February as compared to February 2017.

According to data issued from the Greater Boston Association of REALTORS® (GBAR). Sales of single-family detached homes saw a year-over-year decline of 5.5 percent in February as 481 homes were sold compared to the 509 homes sold in February 2017. This year’s sales total is the twelfth highest figure on record for the month of February, with the record of 665 homes sold in 2007. The condo market experienced a more modest decline in sales, falling 1.5 percent from 464 in February 2017 to 457 in February 2018. February’s condo sales total is the ninth highest on record for the month, with the record-high of 642 in 2007.

Condominium
  • February condo sales DOWN -1.5%
  • Median prices UP +5.0% ($546,000)
  • Active Listings DOWN -13.5% to 1,271
  • Listings added to the market UP +14.8% over last year (985 from 858 in 2017)
Single-Family
  • February single-family home sales DOWN -5.5%
  • Median prices UP 8.9% ($549,000)
  • Active Listings DOWN -16.2% to 1,786
  • Listings added to the market UP +10.1% over last year (1,162 from 1,055 in 2017)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

GBAR Real Estate Market Report

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

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Virtual Home Staging

Virtual Home Staging: The Next Best Thing

Home staging is one of the most important steps in preparing your home for sale or rent. I can’t stress this enough. In cases where physical staging can’t be accommodated, whether it be due to time, tenants or budget constraints, virtual staging is the next best thing. Unit Realty Group offers our clients virtual home staging solutions. Virtual staging gives us the ability at all price points to creatively allow prospective buyers and renters to visualize what a space can be.

We can help set the stage and take away the guesswork for buyers and renters. We can showcase where the couch can go, what size bed can fit in the bedroom, what to do with that open entryway. Is the room perfect for an office, or maybe a nursery? Virtual home staging is very valuable to those looking to emotionally connect with a home and visualize themselves living there.

Virtual home staging can make the property stand out from the competition. We have impressed our clients with before and after photos. Take a look at some of the astonishing results below. We have taken a blank canvas, included the right furniture, lighting and artwork to create an inviting and entertaining space. We have also taken an extremely lived in property and shown how neat, spacious and functional it can actually be.

Virtual Home Staging Results: Before and After

Bottom Line: Home staging can fit into everyone’s budget thanks to virtual home staging. Let us know if we can help you.

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

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