Massachusetts homebuyers caught a break in September, when the median selling price of a single-family home failed to increase for the first time in nearly two years amid a continued market recovery, and signs point to further price stabilization.
"I do expect to see prices — at least in the short-term — to continue to level off," said Peter Ruffini, president of the Massachusetts Association of Realtors and regional vice president at Jack Conway & Co. in Norwell. "This is a welcome sign. It means more inventory on the market."
September's single-family home median price was flat at $325,000 after 23 months of year-over-year increases, according to MAR figures released yesterday. Those sales declined for the eighth consecutive month, falling 3.3 percent.
Ruffini attributes both stats to the number of homes on the market. Tight inventory hampered sales and drove up prices, but the number of new listings on the market is on the increase statewide, and that should help keep prices down while increasing sales thanks to still-low interest rates, he said.
"We don't really have a shortage of buyers at this point — it continues to be the quality of inventory on the market," Ruffini said. "We have new listings that are well-priced, and that inventory isn't staying on the market too long. Certainly the further you get from Boston, the more you see inventory increasing."
The inventory of single-family homes for sale in Boston fell 14.1 percent in September, while the number of for-sale condos dropped 28.1 percent.
Anda sedang membaca artikel tentang
Bay State home prices level off
Dengan url
http://bintanggugel.blogspot.com/2014/10/bay-state-home-prices-level-off.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Bay State home prices level off
namun jangan lupa untuk meletakkan link
Bay State home prices level off
sebagai sumbernya
0 komentar:
Posting Komentar