The Boston2.com Real Estate Blog

Massachusetts Real Estate Market Update done weekly.
This is for data consisting the week ending 3.20.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 3/20/2023!
✅ We are talking Interest rates, the economy and viewing the Luxury Home of the week!
➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 2,937 homes available to buyers with 775 🏠 homes coming on the market this week.
✅ 807 Single Family homes went under agreement with 423 Single Families 💰 selling for an average price of $800k and a Median Price of $552k.
➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 3/20 was 1,921 condos available to buyers with 410 newly listed condos coming on the market last week. 
✅ 374 Condos went under agreement with 215 Condos 💰 selling for an average price of $630k and a Median Price of $530k.
➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are Up and Down and Flat... All over the place. 
✅ The good news with Credit Suisse and job layoffs
➡️ Luxury Home Spotlight ⬅️
✅1 Dalton Street, Unit 5703, Boston: the Back Bay: https://www.boston2.com/idx/1-dalton-street-boston-ma-02115/12829081_spid/
✅ 2 Bedrooms, 3 Full and 1 Half Bath condo with 3,265 sqft. 57th Floor New Construction. Listed for $12.300m. 

Top 10 Cities with Largest Price Drops (And How Boston Compares)

In this video we are going to be talking about the top 10 cities in the U.S that has had the largest housing price drops then compare them to the city of Boston.

Hi, my name is Jeff Chubb and I am a recovering investment banker turned real estate agent that has sold more then a 1,000 houses and am one of the agents in the state of Massachusetts. If you have questions about the market, then throw them in the comment section below.

Quick note. This data comes from Zillow and is calculated off of the peak median sale price in 2022 versus the median sale price for December. How accurate you ask? Well it’s all about how you want to read the data. Take a look at this chart of the average sales price in Massachusetts. You will see that they hit peak pricing in June and then hit their low point in October then was up slightly in November and December. That means from peak to trough, home prices went down by 10%.... Oops, did I mention that is for 2021 when no one was talking about home price crashes. Here is the graph that shows the 2022 vs 2021 averages. This is what we would call a trend…

So here are the top 10 cities with the largest price drops… And then how it compares to the city of Boston. Take the data with a grain of salt! We will be going from bad to worst!

Number 10 is Evansville, Indiana. Homeowners in Evansville have seen prices drop by 10.2%. The median price was $181,450 in June and would fall to $162,967 in December.

Number 9 is Minneapolis, Minnesota with an 10.3% housing price drop. The median sales price in June was $326,967 and would fall to $293,333 in December of 2022.

Number 8 is Salt Lake City, Utah with a 11.1% drop in housing prices. The median sale price was $614,997 in June, but they wouldn’t peak out until August with the median sale price of $633,967. In December they would hit a median sale price...

$700k in Lynn

In this video we are going to be talking about and taking a look at homes in Lynn and see what a budget of approximately $700,000 would get you.

Hi, my name is Jeff Chubb and I am a recovering investment banker turned real estate agent that has sold more then a 1,000 houses and am one of the agents in the state of Massachusetts. If you have questions about the market or are thinking about making a move, then I would love to chat with you. Visit me at: www.YouTubeRealEstateAgent.com.

Real quick, Lynn is on the North Shore of Boston.  It’s the eighth largest city in Massachusetts and is 3.7 miles North of Boston. Click here to search all Lynn Homes For Sale. 

As I mentioned, we are looking at three houses in Lynn… I would love to hear in the comments section below which house you would choose. Consider it your HGTV moment. You have to choose from one of the three!

The first place we are headed to is 21 Bradford Street which is on the Lynnfield and Peabody line. This house is just minutes from 95 or route 1 making commuting a little easier! This is a 4 bedroom, 2.5 bath Colonial that is 2,151 square feet and nestled on a 1/3 of an acre.

This house home has a lot of updates with new windows in 2019 and a large composite deck that overlooks the spacious fenced in yard. As we walk in, you will be welcomed by a large foyer that sports hardwood floors that lead into a large Living Room with fireplace and picture window. The downstairs also sports an office, Dining Room and Kitchen with white cabinets, stainless steel appliances. An amazing and under appreciated perk is the first-floor laundry...

The Party is over for the “Real Estate Market is Going to Crash” folks

Sorry. For all of you “The Real Estate Market is Going to Crash” doom and gloom folks, it’s time for you to collect your belongs, and put on your jacket, because the party is about over.

Don’t believe me, okay. Let’s talk some data… But first, 

Hi, it’s Jeff Chubb. I am a retired investment banker, turned real estate agent that has sold more than a 1,000 homes and am one of the top agents in the state of Massachusetts. If you have questions about the market or are thinking about making a move, then I would love to chat with you. Visit me at: www.YouTubeRealEstateAgent.com.

So it looks like this is going to be more of a small minor correction then a crash. And yes, it is important to say that it depends on location. Some markets are going to perform better then others.

But these doom and gloom folks have been saying the entire market was going to crash for close to a year now… Which I have never gotten. Could you imagine if a meteorologist got on TV telling you that the average temperature in the U.S today was going to be 64 degrees.

That would be stupid. But all of these media folks just can’t comprehend that like the weather… Real estate is also local.

So, what happened for me to come out and start screaming from the rooftop.

The financial markets are now fully pricing in a quarter-point interest rate hike in February as Inflation slows.

Not a half point. A quarter point.

That means that the tightening is coming to an end. The toughest days are behind us as we head into our most active market where demand naturally...

Home Sellers Options when house isn’t selling

(Jeff) In this video we will be talking about Home Sellers and their options when their house is not selling in this changed market.

(Jeff) Hey, it’s Jeff Chubb I am a retired investment banker turned real estate agent that has sold more then a 1,000 homes and am here with (Sammy) and I am Sammy Illiopoulos, I am one of the top 300 loan officers in the United States and work with Guaranteed Rate. 

(Sammy) Jeff, the market has changed a lot in the last 6 months of 2022. Seller’s went from being at the party and having an amazing time to well… Having the dreaded next day hangover. 

(Jeff) Sammy, it’s true. Sellers are having to adapt to the new marketplace. It’s a market where buyers hold the upper hand in a lot of cases. 

(Sammy) I was reading an article about how seller’s are starting to have to toss in the Kitchen sink and more in order to get their house sold. Jeff, what has your experience been? 

(Jeff) The market has definitely slowed. What I am seeing is that the homes that are in good condition and priced right are selling. The ones that are overpriced and not in the greatest of conditions are either sitting or selling at BIG discounts. 

(Sammy) That makes sense as the article I was reading mentioned that 42% of recent sellers have offered at least one concession to home buyers. 

(Jeff) Sammy, that is a great point and what we are going to talk about. What are those concessions that sellers are offering and what are a seller’s...

Must knows when buying a Multi-Family

In this video we will be talking about the must knows when it comes to buying a Multi-Family property.

(Jeff) Hey, it’s Jeff Chubb I am a retired investment banker turned real estate agent that has sold more then a 1,000 homes and am here with (Sammy) and I am Sammy Illiopoulos, I am one of the top 300 loan officers in the United States and work with Guaranteed Rate. 

All Massachusetts Multi-Family Properties For Sale

(Jeff) Buying a multi-family can be a really smart investment as it will generate rental income while also allowing you to build equity. 

(Sammy) But there are some things that you should consider and know before you jump into the multi-family game. 

(Jeff) Okay, Sammy. Tell me what I need to know from a financing standpoint when buying a multi-family property. 

(Sammy) You need at least 2 months of a cash reserve, but sometimes it can be as much as 6 months. Another factor that could make this vary is if someone has more than one property. 

(Jeff) Okay, talk to me about what you mean by a “cash reserve”.

(Sammy) A reserve requirement would be your mortgage payment that includes taxes and insurance. Some banks will require 2 months up to 6 months for each property that you own or will own. So if your Mortgage is $3,000 a month and the bank requires a 3 month reserve, then you would need to have $9,000 in additional funds over...

Buying an investment property

(Jeff) In this video we will be talking about Almost everything you need to know when it comes to Buying an Investment Property. And in the end, I am going to give a personal example as to my advice on when to buy an investment property and what to think of it as.

(Jeff) Hey, it’s Jeff Chubb I am a retired investment banker turned real estate agent that has sold more then a 1,000 homes and am here with (Sammy) and I am Sammy Illiopoulos, I am one of the top 300 loan officers in the United States and work with Guaranteed Rate. 

(Jeff) So, Sammy, what are some of the best reasons why people purchase investment properties?

(Sammy) The big three of investments are stocks, bonds and real estate. Stocks and bonds are a lot more of a mindless investment than real estate, however Real Estate offers an investor more with passive income, builds equity over time and can be a major write off. 

(Jeff) When initially thinking about making an investment, I think there are 4 things to consider. You need to consider what type of tenant you are looking for, what type of involvement you are looking to have, what type of property you are looking for and whether you are looking for a large monthly return or if you are looking for a large asset value increase return. 

(Sammy) Alright, so I know the other two, but you are going to have to unpack ‘type of tenant’ for me. 

(Jeff) Sure. Maybe the type of tenant you are looking for are college students. My family’s investment company specifically looked for Section 8 tenants as the rent premiums were higher and it was a guaranteed check each month. Maybe you are looking for short term tenants...

Buying beats renting

(Jeff) In this video we will be talking about our How buying a home beats renting a home in NEARLY every scenario. But also stick around towards the end to hear when buying a house doesn’t make sense…

(Jeff) Hey, it’s Jeff Chubb I am a retired investment banker turned real estate agent that has sold more then a 1,000 homes and am here with 

(Sammy) and I am Sammy Illiopoulos, I am one of the top 300 loan officers in the United States and work with Guaranteed Rate. 

(Jeff) Well, Sammy… The saying goes that either way you are buying a house. But one is for you, the other is for your landlord. Am I wrong?

(Sammy) No, you are not wrong. When you look at the numbers it is just astounding. Take a look at this, After 3 years of of paying $3,000 in rent… You have paid $108,000 to a landlord. In 10 years, that becomes $360,000! 

(Jeff) I am going to play a little devils advocate here. When I rent, I am not paying for the property taxes or insurance. 

(Sammy) Oh yes, you are! It’s all built into your rental payment. What makes it even worse… You can’t write off the property taxes when you rent like you can when you own… But I know I am getting ahead of myself as we are going to talk about the tax benefits soon. 

(Jeff) That is some big money! I mean… If your rent payment is $4,000 a month, then that is nearly a half million dollars in 10 years! That hurts. 

• ...

2023 predictions

(Jeff) In this video we will be talking about our predictions for Interest Rates, Prices, Sales & Inventory levels as well as the wild cards to be on the lookout for. 

(Jeff:)Hey, it’s Jeff Chubb I am a retired investment banker turned real estate agent that has sold more then a 1,000 homes and am here with 

(Sammy) and I am Sammy Illiopoulos, I am one of the top 300 loan officers in the United States and work with Guaranteed Rate. 

(Jeff) Let’s start with Interest rates, which are pretty much all your world Sammy. What are your predictions for 2023. 

Interest Rates: 

(Sammy) Fannie Mae’s Home Purchase Sentiment Index (HPSI) showed some signs of life in November, posting its first increase in nine months. 

(Jeff): Break that down for me… Because I don’t know what any of that means. Why does that matter?

(Sammy) Well the uptick is a good sign for things to come as both consumer homebuying and home-selling sentiment are significantly lower than they were last year, which, in my view, is unsurprising considering mortgage rates have more than doubled and home prices remain elevated. I expect interest rates to be much more stable compared to 2022, in addition to seeing potential drops from time to time. But for now, consumers should continue to expect mortgage rates to rise slowly. 

I expect mortgage demand to continue to be curtailed by affordability constraints in 2023 as mortgage application volume in 2022 finished at 26 year low.

...

YOUR Massachusetts Real Estate Market Update for the Month of January, 2023

-          In this video, we will go over the Massachusetts Real Estate Market data for what happened in the month of December 2022 for Single Family Homes, Condos and Multi-family properties.

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that has sold more then a 1,000 homes and is one of the states top agents. And if you like hearing about the MA Real Estate Market, then be sure to hit that subscribe button!

Let’s dig into the data and start with the Single-Family market

Single Family

-          In December of 2022 we saw:

• 3,390 Single Family Homes Close
• Average Sales price of $673k

-          This represents a negative 2.1% Month over Month decrease in the average sales price and a 3.6% Year over Year average sales price increase.

-          We saw the amount of unit sales down by 31.4% year over year.

That is the data. Let’s take a look at what it all means.

-          The # of units sold is down. This is to be expected.

• Take a look at the year over year comparison chart. This gives you a really good feel for the story of 2022. (graph 1)
  • We were running neck to neck with 2021 until June. And that is when the wheels started falling off if you will. And this all makes sense and was by design with the increasing of interest rates.
  • We are back to “Normal” market levels. This is an AMAZING thing. It is sustainable.
• Now when we...

The 5 Best & Worst Performing Boston Neighborhoods During the Market Crash

If history really is the best indicator of the future, then it makes a lot of sense to know exactly what and how much happened. For those who are thinking there is going to be a market crash, then this would be some very important and telling information for you.

And for those that are thinking about making a move and are worried about a market correction, then buying in some more insulated markets in the past may be a wise investment decision. And those that are looking to make an investment and are hoping to find some opportunities for possible big returns then that means looking at past markets with big losses would be very informative.

Hey, it’s Jeff Chubb. I am a recovering investment banker turned real estate agent that has sold more then a 1,000 homes and am one of the top agents in the state of Massachusetts. If you have any real estate questions, then I look forward to being your resource for answers.

Let’s start with the best performing neighborhoods in Boston. But first one very interesting thing I noticed is that in many of these neighborhoods the peaks and low points for market pricing were during different years. Amazingly one market peaked in 2010 to have two down years then a HUGE rebound in 2013. While the peaks were all over the place, most neighborhoods hit their bottom in 2009.

Also, as a quick heads up, I used all sales for Single Family, Condos and Multi-Family properties for these data figures. I felt this was a more fair analysis as there are significantly more condos in the Back Bay Homes For Sale with very few Single Families and vice versa for West Roxbury.

So on to the top 5 performers....

Don’t Move to Boston, Massachusetts

So you are thinking about moving to Boston. Well wait just a moment… It may not be all that it is cracked up to be! It's hard to believe, but there are some negatives to this world class city. Especially if you are coming from an area that is not as…. We will go with prestigious!

Take it from me as I was not born and raised here… There is a little bit of a culture shock, so I want you to know some of the negatives of our fair city ahead of time. This way you can be well prepared!

Hey, it’s Jeff Chubb. I am a recovering investment banker turned real estate agent that has sold more than a 1,000 (One Thousand) homes and am one of the top agents in the state of Massachusetts. If you have any real estate questions, then I look forward to being your resource for answers.

As I mentioned, I will be covering some of the most negative items about moving to Boston and I will tell you what… There are some good ones in here. But we are going to start out with the Weather of course.

Weather: You say you are from Boston to someone in pretty much any area that is South of us… And they look back at you with puppy dog sorrowful eyes saying something along the lines of, “oh, it’s cold up there”. We have these things called the seasons in Boston. We get them all. Spring, Summer, Fall and the yes… the Winter. There are some days that you will wake up and leave the house in a jacket to only be wishing you had shorts on by the afternoon and to then be complaining how cold it is by dinner time… But then there are the days that are just pure perfection.

Yes. We get snow. No, it’s not as much as you think. It’s true. Some years are worse than others, Personally, I like the snow. Not the 10 feet of snow and I can’t stand the 1-inch snowstorms... But it’s pretty and it can be fun.

Plus, without experiencing the bad… Can you really...

Quincy, MA

Quincy and that is pronounced QUIN ‘ZEE’ is a city south of Boston with over 101,000 residents. The City of Presidents is located in Norfolk County and is the seventh largest city in the state. In this video we are going to unpack all of Quincy from talking about the history to what it is like today. We are going to go over the neighborhoods, schools and things to do for recreation which include beaches and parks. We will even talk about some things to do around Quincy.

It is called the City of Presidents because it is the birthplace of two U.S Presidents – John Adams and his son, John Quincy Adams. John Hancock who was the President of the Continental Congress and the first signer of the Declaration of Independence was also from Quincy.

Quincy was part of Dorchester then a precinct of Braintree and then finally became its own town in 1792 and would graduate to being a city in 1888. Quincy was home to a thriving granite industry and was the site of the Granite Railway that was the first commercial railroad in the U.S. Fun fact, the granite used at the Bunker Hill Monument was granite from Quincy! Quincy was also known for their Shipbuilding and more recently contributed to our current world with the founding of Howard Johnson’s and most importantly for all the Coffee Drinkers… Dunkin Donuts. Yes… That is right, Quincy was the first city to run on Dunkin.

Quincy shares borders with Boston to the North and is separated by the Neponset River. Milton is to the west of Quincy with Randolph and Braintree to the South. Weymouth which is separated by the Fore River is to the East. If you were to look over the Quincy and Hingham Bay, then you would be looking at Hull.

We have a lot on deck including Schools, beaches, parks and commuting access in Quincy… But...

The 5 Best & Worst Performing Boston Neighborhoods During the Market Crash

If history really is the best indicator of the future, then it makes a lot of sense to know exactly what and how much happened. For those who are thinking there is going to be a market crash, then this would be some very important and telling information for you.

And for those that are thinking about making a move and are worried about a market correction, then buying in some more insulated markets in the past may be a wise investment decision. And those that are looking to make an investment and are hoping to find some opportunities for possible big returns then that means looking at past markets with big losses would be very informative.

Hey, it’s Jeff Chubb. I am a recovering investment banker turned real estate agent that has sold more then a 1,000 homes and am one of the top agents in the state of Massachusetts. If you have any real estate questions, then I look forward to being your resource for answers.

Let’s start with the best performing neighborhoods in Boston. But first one very interesting thing I noticed is that in many of these neighborhoods the peaks and low points for market pricing were during different years. Amazingly one market peaked in 2010 to have two down years then a HUGE rebound in 2013. While the peaks were all over the place, most neighborhoods hit their bottom in 2009.

Also, as a quick heads up, I used all sales for Single Family, Condos and Multi-Family properties for these data figures. I felt this was a more fair analysis as there are significantly more condos in the Back Bay with very few Single Families and vice versa for West Roxbury.

So on to the top 5 performers.

The number five best performer was the Brighton neighborhood. Property values peaked in Brighton with an average sales price of $364k while finding their bottom in 2009 with an average sales price of $331k. This represents a 9.33% decrease in property values in Brighton....

Is the Luxury Market in Massachusetts Crashing?

Check out this recent article on Yahoo! Money that a friend of mine sent me asking for my commentary on… Luxury home sales plunge as mortgage rates rise.

“It says that affluent homebuyers aren’t immune from this year’s rough housing market”. And that “Sales of luxury homes plummeted 28.1% year over year in the summer months”.

I have said it once, so it only makes sense that I will say it again… REAL ESTATE IS LOCAL. So let’s jump into the Massachusetts housing numbers and see if that article really holds water here in the Bay State.

Hi, it’s Jeff Chubb. I am a recovering investment banker turned Real Estate Agent that has sold more then a 1,000 homes and is one of the state’s top real estate agents. I believe in data rather then feelings… So here is the data!

To the end of August in 2022 we have had 33,640 homes sold in the state. This is compared to the 38,023 houses that we saw in the same time period of 2021. This means that sales are down by 11.5% in the state year over year. Okay, so there is our baseline.

Let’s take a look at the different price ranges.

In the up to $400,000 price range we have seen a 30.88% decrease in sales year over year. We had 6,572 units sold in the first 8 months of 2022 vs the 7,195 units sold in the same time period of 2021. Now, let’s add a little caveat to this price range. The average sales price in the state of Massachusetts for a Single-family home was $531,000 for the first 8 months of the year in 2021. This is compared to the median of $585,000 in the same time period of 2022. For those keeping track at home, that is a 10.1% increase in the average...

The Top 10 Markets that Could See a Price Correction

I am on the record saying that I do not believe that the state of Massachusetts as a whole will see a housing crash with severe price corrections. I am also on record saying that I do believe some towns in our market have more potential for a minor price correction than others.

I have been repeatedly asked which towns in Massachusetts are the most likely to see some sort of pricing correction and because I didn’t have any data… I was always reluctant to provide any answers. Well, that changes today! This is a data driven analysis. No back handed feelings helping drive up or down a specific market. And there were towns that I personally deep down feel like should be on this list… But the data says otherwise.

So, what specific data metrics did I look at? The first metric that I wanted to look at were the markets with the largest appreciation gains since 2019. I disqualified any towns that had less then 50 sales as I felt that was not enough sales data with one or two outliers being to easily able to skew the data one way or another. .

It is my belief that the towns that had the largest gains would most likely be the ones that give it back. For example, the #1 town on the list has seen nearly a 59% increase in the average sales price since 2019. That is nearly 15% per year. But the 20^th town on the list had a little over a 65% increase in sales prices. So, what gives?

I channeled my investment banking days when I traded mortgages to come up with these calculations and this list. When evaluating risk on a pool of mortgages, we would look at certain obvious characteristics like average down payment percentage, average FICO scores and asset concentration. But another area of very specific importance was second homes and investment property concentration. We didn’t want to buy into a pool...

Is there going to be a Real Estate Market Crash?

Is there going to be a real estate crash in Massachusetts like we saw in 2008? Time will tell, but let’s look at the data so we can make an educated prediction about the future of our real estate market rather then just throwing around guesses while relying on national data.

Hey, it’s Jeff Chubb with the Chubb Homes Team. If you have any questions about your own specific situation or are thinking about buying or selling a house, then you can find my information in the description below. Love talking real estate and would love to talk to you friend to friend about your goals. You can also schedule a time to talk with me at: BookChubb.com

The most important thing to remember when it comes to real estate is that real estate is local. What is going on here in Massachusetts is different then what is going on in California. And what is going on in specific markets within our state are going to be different as well. So, for example, what is going on in Brockton Homes For Sale may just be a lot different then what is going on in Cohasset Homes For Sale.

To figure out where we are headed, let’s first take a look at the past. Specifically, data on the 2008 real estate crash. The Average home sale price in Massachusetts in 2005 was $434,095. It would dip slightly in 2006 to $430k then go up slightly in 2007 to a hair under $432k to hit its low point in 2009 at $359,443 to rebound in 2010 with an average sale price of about $381k. So that would be a little more then 17% drop in home prices from the peak in 2005 to the low in 2009.

...

Quincy and that is pronounced QUIN ‘ZEE’ is a city south of Boston with over 101,000 residents. The City of Presidents is located in Norfolk County and is the seventh largest city in the state. In this post we are going to unpack all of Quincy from talking about Quincy history to what it is like today. We are going to go over Quincy neighborhoods, Quincy schools and things to do in Quincy for recreation which include beaches and parks. 

It is called the City of Presidents because it is the birthplace of two U.S Presidents – John Adams and his son, John Quincy Adams. John Hancock who was the President of the Continental Congress and the first signer of the Declaration of Independence was also from Quincy.

Quincy was part of Dorchester then a precinct of Braintree and then finally became its own town in 1792 and would graduate to being a city in 1888. Quincy was home to a thriving granite industry and was the site of the Granite Railway that was the first commercial railroad in the U.S. Fun fact, the granite used at the Bunker Hill Monument was granite from Quincy! Quincy was also known for their Shipbuilding and more recently contributed to our current world with the founding of Howard Johnson’s and most importantly for all the Coffee Drinkers… Dunkin Donuts. Yes… That is right, Quincy was the first city to run on Dunkin. (More about Quincy Below the homes for sale)

Week of October 31, 2022

Recap of Video:
- Single Family & Condo data for the month of October as well as the week leading up to October 31, 2022. What? Inventory went down?
- Interest rates... More of the same, but a big two weeks ahead.
- Home prices have gone down in Massachusetts? Yes. But no. 

Single Family Market Data Week over Week
- Single Family inventory in Massachusetts on 10/31 was 5,417 homes available to buyers. Year over year, buyers have 1,184 more homes available.
- 957 Single Family homes came on the market this week! The average weekly new listings in September & October was 1,046.
- 1,095 Single Family homes went under agreement with 1,112 Single Families selling for an average price of $681k and a Median Price of $545k.
- Months of Inventory increased to 1.51 months from 1.49 months last week. This signals a Very Strong Seller's Market (which is a misleading and I talk about in the video update). 

Condo Market Data Week over Week 
- Condo inventory in Massachusetts on 10/31 was 2,779 condos available to buyers. Inventory growth has become very stable with us nearly equaling the inventory levels at the same time last year. 
- 416 Condos came on the market this week. Above the average in September & October when 485 condos on average came on the market per week.  
- 406 Condos went under agreement with 460 Condos selling for an average price of $614k and a Median Price of $499,450.
- Months of Inventory increased to 2.13 months this week compared to 2.23 months last week. This market is a LOT softer then this indicator would lead us to believe. 

Mortgage Market News & Other Headlines
- Interest...