Here's a quick update on the real estate market.
As of June 1st
- There are only 600,000 homes listed for sale in the entire U.S.
- The number of Listings has fallen every year since July of 2016
- 9% of the U.S. population wants to purchase a home in 2023
- MA had the lowest number of listings in recorded history the first half of 2023
As a home seller you are in the driver seat.
- If you need to sell and then rent the house back until you find a home, it's something we see quite a bit recently.
- Values are holding strong.
- Houses are selling fast
As a home buyer, be prepared
- To pay close to asking or above
- Make sure your lender has put your file through underwriting
- Be prepared to have to bid on multiple properties.
To get a full report of the area review or to discuss what this means for you as a buyer or a seller please email, call, or text me. I look forward to speaking with you.
All the best,
Kristine Pasto