Massachusetts real estate sits between broader national trends, with renovated and well-priced suburban homes and some Boston condos selling relatively quickly. Properties that lack updates or are overpriced remain in a buyer's market with weaker demand. Luxury-city demand continues to be supported largely by cash and international buyers. Seasonal factors complicate market evaluation, as summer brings fewer new listings and reduced buyer activity due to travel. Market clarity is expected after the unofficial end of summer, when recent listings and buyer responses should reveal clearer directional trends over the following weeks.
Renovated, well-priced homes in the Boston suburbs and parts of the Boston condo for sale market are actually selling into a quasi-seller's market, while properties that haven't been updated in a number of years, or are priced too high, are stuck in a much larger sort of buyer's market. Cash and international buyers, which often are one and the same, are the biggest drivers of the sustained demand for luxury homes in the city.
The summer is also a difficult time to evaluate the Boston condo for sale market, where new listings plummet and buyers have dissipated for weekend travel. Boston condos for sale and the bottom line Now that the unofficial end of summmer is here, I'll have a better idea how the market wil be leaning in next couple of weeks. Click to View Google Reviews
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