Market Conditions in Metrowest, Massachusetts The Metrowest area of Massachusetts is made up of towns that are approximately 30 minutes west of Boston. They are popular for the proximity to Boston and many of them are known for their schools which are among the top in the Nation! While the feel of these towns is suburban, many offer a quaint, picturesque New England feel and most of them have all the amenities of lager towns and cities such as major shopping, art museums, parks and playgrounds. You will find a mix of communities in the western suburbs of Boston and many housing options. Some of these towns have one acre zoning while others have lot sizes that are closer together. To find out more about the specific towns in Metrowest Boston, go back to the Home page and click on the Favorite Links option and you will find more in depth information on each of the towns. If you would like to receive up to the minute information on Real Estate and Homes for sale in the Metrowest towns of your choice, Rachel Bodner will set you up to receive automatic updates by E-Mail. After the first update, you will only be updated when something new comes on or if there is a price change. Please feel free to contact Rachel Bodner at 1-(978)-505-1466 or E-Mail Rachel Bodner at Rachel.bodner@nemoves.com. There is no obligation and no cost for these services. By submitting this form with your telephone number you are consenting for this website's authorized representatives to contact you even if your name is on the Federal "Do not call List" Thank you for submitting your information. We will be in contact with you by phone or email. Rachel Bodner, Realtor, Broker Associate (ABR), Relocation Specialist (CRS), New Home Specialist (CNHS), Home Marketing Specialist (CHMS), Accredited Real Estate Professional (AREP) Coldwell Banker 447 Boston Post Road Sudbury, MA 01776 Cell: (978) 505-1466 Office: (978) 443-3333x138 Voicemail: (508) 383-0138 Fax: (978) 443-0097
Homes for sale in Metrowest Boston over the past six months have proven to provide many opportunities for Buyer. A Buyer's Market exisits when there are more homes coming on the market versus the homes that are coming off the market (the solds) + the under agreements in a given month. When this happens inventory sits for longer and prices go down.
In Metrowest MA, at the time of this report, there are 1621 single family homes on the market. There are currently 207 solds and 247 homes under agrement in the past month. What this tells us is that there are many more homes on the market then are going off the market, thus a Buyers Market!
The median price for the single family homes sold during the past 6 months in Metrowest is $555,000 TY versus $553,450 LY. Although the prices have remained flat versus LY the fact that there are many more homes coming on the market in Metrowest then going off would lead us to predict that this trend could not continue. Due to the over abundance of inventory, Sellers will be forced to either take their homes off the market or reduce their prices to get them to sell.
No one can predict what the Metrowest Real Estate market will be like in the coming years or even months, but what we do know is that interest rates are still at a historic low and with home prices down it is a great time to make a move! Should the interest rates rise just 1%, a Buyer would have to buy a home for 9% less in order to keep their monthly payments the same! Therefore, it does not make sense to wait since it is more likely that interest rates will increase 1% than it is that prices will drop 9% in the coming months! Home Buyers that are looking to get into the market to receive the benefits of home ownership or Home Buyers that are looking to "move up or down size", should make their move now! If you wait, you may get a lower price, but your monthly payments will most likely be higher!
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Rachel Bodner
(978) 505-1466
E-Mail:Rachel.bodner@nemoves.com
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