This week in Metro West Real Estate…

As of today, June 25, 11 properties in Brookline, Newton, Needham, Wellesley and Weston sold within a week of coming on the market according to MLS. 7 were single families, and 4 were condos.
When priced properly, buyers will pull the trigger. Plus, with the severe winter delaying the spring market it appears that the market will remain active into July.
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So, how is the real estate market????

I’m frequently asked, “How’s the market?”

Obviously there are several ways to answer the, “how’s the market?” question. This month I have done some research to provide a glimpse into the available single family inventory for sale in different towns. Simply put, this is the amount of supply (in months) for sale in each town.

Using the total sales during that last 6 months, compared to the number of single family listings currently for sale, I have shown the supply for each town. A town with 5 months of supply or less is considered to be a seller’s market. And a town with 6 months or more, is considered to be a buyers market.

Wellesley: 8 months supply
Weston: 20 months supply
Wayland: 15 months supply
Needham: 9 months supply
Westwood: 15 months supply
Natick: 6 months supply
Brookline: 11 months supply

What does this mean??? All of these towns have a
buyer’s market… HOWEVER… while this is a GREAT time to be a BUYER… It is also a great time to be a SELLER with an accurately priced property.

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Please call me with any related questions, or for more details about your town, property – or a town of interest. Or if you know someone who might be interested in getting some real estate advice.