Mass 2011 Home Market Turnaround
Massachusetts single home market had its best January in 4 years. Are we out of the woods? 2011 could be a nice recovery year. If we are up in January despite a misirable winter that is a good sign. Best January since 2007 could be a sign of a major turnaround.
Hopefully people are feeling more confident about the economy and ultimately will take the risk of buying a home. As long as there is some continued growth in the job market.
The bad news for City Agents and the Boston Condo market is only 808 units sold in January down 18.5% from the same month last year. Median condo prices also fell 4.6% from last year.
I think the low mortgage rates and pricing will drive a strong market for 2011. Hopefully we can get an early spring and things will be in full swing.
If you are considering a purchase or rental in the Boston Condo Market and need some expert advice or help finding the perfect home. Feel free to contact us directly via text or email 24/7. www.resideboston.com or www.bostonerealty.com
