Massachusetts Real Estate Market Update 2023
Massachusetts Real Estate Market Update done weekly. This is for data consisting the week ending 5.22.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 5/22/2023!
✅ We are talking Interest rates, the economy, the doom loop and why higher rates may be a good thing... Plus the Luxury Home of the week!
➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,808 homes available to buyers with 1,337 🏠 homes coming on the market this week.
✅ 1,111 Single Family homes went under agreement with 541 Single Families 💰 selling for an average price of $804k and a Median Price of $620k.
➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 5/22 was 2,327 condos available to buyers with 616 newly listed condos coming on the market last week.
✅ 498 Condos went under agreement with 290 Condos 💰 selling for an average price of $646k and a Median Price of $547k.
➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are flirting with the 7% range.
✅ Higher Interest Rates may not be a bad thing
✅ The doom loop and what it means for cities
➡️ Luxury Home Spotlight ⬅️
✅ 47 East Chop Drive, Martha Vineyard
✅ 8 Bedrooms, 6 Full Baths with stunning views that spans 3,888 square feet. Listed for $11.000m.
Massachusetts Real Estate Market Update done weekly.
This is for data consisting the week ending 5.1.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 5/1/2023!
✅ We are talking Interest rates, the economy, another...