The real estate market is highly dependent on supply and demand. It continually changes from year to year and each season. If you are contemplating entering the market, below is information on the Massachusetts 2012 fall property market outlook.
What to Expect this Fall
Fall historically is a busy buying season. Buyers attempt to complete their real estate purchase before the winter, holidays, and year end (to take advantage of tax benefits). Interest rates are also extremely low, making home buying more appealing. This fall, many communities are experiencing low inventory levels. This could be due to fewer foreclosures listed for sale, owners waiting for prices to rise, or sellers incorrectly thinking that the market is stagnant. Whatever the cause may be, it is leading to less supply while demand is high. The impact is high activity for any new listings, competing offers on properly priced homes, and listings going under agreement more quickly.
More on the Massachusetts 2012 Fall Property Market Outlook
If you are thinking of selling, it is a great time to do so. With a seller agent who understands the area, your home can be positioned to sell within a reasonable time frame and for maximum market value. If you are thinking of buying, get pre-approved and be ready to act quickly. Listings in good condition and priced right will not remain on the market long. This Massachusetts 2012 fall property market outlook article is only an overview. For detailed Massachusetts real estate values or assistance with listing or buying, call John Wells at Century 21 Wellsco at 978-518-1481.