Massachusetts Real Estate Market Update 2023

Massachusetts Real Estate Market Update. This is for data consisting the week ending 6.5.2023. Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 6/5/2023!
✅ We are talking Interest rates, why Elon Musk is wrong... Plus the Luxury Home of the week!
➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,799 homes available to buyers with 1,382 🏠 homes coming on the market this week.
✅ 968 Single Family homes went under agreement with 913 Single Families 💰 selling for an average price of $808k and a Median Price of $635k.
➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 6/5 was 2,322 condos available to buyers with 665 newly listed condos coming on the market last week. 
✅ 422 Condos went under agreement with 483 Condos 💰 selling for an average price of $688k and a Median Price of $567k. ➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are falling! 
✅ Elon Musk is wrong about the residential market. 
➡️ Luxury Home Spotlight ⬅️
✅ 314 Quissett Avenue, Falmouth, MA : 
✅ 7 Bedrooms, 5 Full and 3 half Baths with stunning views that spans 12,390 square feet. Listed for $14.950m. 

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 bank collapse... Plus the Luxury Home of the week!

➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,362 homes available to buyers with 1,206 🏠 homes coming on the market this week.
✅ 1,003 Single Family homes went under agreement with 873 Single Families 💰 selling for an average price of $785k and a Median Price of $600k.

➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 5/1 was 2,155 condos available to buyers with 509 newly listed condos coming on the market last week.
✅ 516 Condos went under agreement with 417 Condos 💰 selling for an average price of $734k and a Median Price of $570k.

➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates dropped, then went up and then went back down... Volatile is the best way to describe it.
✅ Issues in the job market that need to be discussed...
✅ What does the collapse of First Republic mean for the real estate market? 

➡️ Luxury Home Spotlight ⬅️
✅ 150 Seaport Blvd, 17E, Seaport District
✅ 3 Bedrooms, 3 Full and 1 Half Bath condo with stunning views that spans 2,497 square feet. Listed for $9.550m. 

Massachusetts Real Estate Market Update done weekly.
This is for data consisting the week ending 4.17.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 4/17/2023!
✅ We are talking Interest rates, the economy including a discussion on buyer's (unrealistic) perceptions... Plus the Luxury Home of the week!
➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,176 homes available to buyers with 1,081 🏠 homes coming on the market this week (Knew this was going to be down because of Easter).
✅ 837 Single Family homes went under agreement with 467 Single Families 💰 selling for an average price of $799k and a Median Price of $600k.
➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 4/17 was 2,150 condos available to buyers with 551 newly listed condos coming on the market last week. 
✅ 396 Condos went under agreement with 228 Condos 💰 selling for an average price of $634k and a Median Price of $467k.
➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are up for the week (again)... Hit 1 month highs. The interest rate market makes zero sense! 
✅ Would be buyer's perception of what the "normal" rate is not correct. They have become too accustomed to artificially low rates of the past 15 years. 

Massachusetts Real Estate Market Update done weekly.
This is for data consisting the week ending 4.10.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 4/10/2023!
✅ We are talking Interest rates, the economy including a discussion on where the market crash will occur... Plus the Luxury Home of the week!
➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 2,901 homes available to buyers with 675 🏠 homes coming on the market this week (Knew this was going to be down because of Easter).
✅ 883 Single Family homes went under agreement with 407 Single Families 💰 selling for an average price of $725k and a Median Price of $580k.
➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 4/10 was 1,980 condos available to buyers with 337 newly listed condos coming on the market last week. 
✅ 399 Condos went under agreement with 196 Condos 💰 selling for an average price of $632k and a Median Price of $518k.
➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are up for the week... But the CPI data came out and now interests rates are trending down! 
✅ Issues in the Commercial Real Estate market. Big issues that we go deeper on! 
➡️ Luxury Home Spotlight ⬅️
✅ 1 Franklin Street, Unit PH4A, Boston, MA (Millennium Tower) : https://www.boston2.com/idx/1-franklin-st-boston-ma-02110/12847455_spid/
✅ 3 Bedrooms, 4 Full and 1 Half Bath condo with 4,200 sqft condo with some of the most amazing views. It's like you are on top of a mountain... Listed for $13.995m. 

Massachusetts Real Estate Market Update done weekly.
This is for data consisting the week ending 4.3.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 4/3/2023!
✅ We are talking Interest rates, the economy including a BIG shoe to drop in the economy and viewing the Luxury Home of the week!

➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,064 homes available to buyers with 864 🏠 homes coming on the market this week.
✅ 1,010 Single Family homes went under agreement with 919 Single Families 💰 selling for an average price of $748k and a Median Price of $588k.

➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 4/3 was 2,026 condos available to buyers with 544 newly listed condos coming on the market last week. 
✅ 421 Condos went under agreement with 392 Condos 💰 selling for an average price of $778k and a Median Price of $550k.

➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are DOWN (Near 2 month lows!). No economic news this week... But get prepared for next week.
✅ A development in the Commercial Real Estate market... And more to come!

➡️ Luxury Home Spotlight ⬅️
✅ 142 Beacon Street, Unit PH, Boston: Back Bay: https://www.boston2.com/idx/142-beacon-boston-ma-02116/12845749_spid/
✅ 4 Bedrooms, 4 Full and 2 Half Bath condo with 3,908 sqft with water and city views. Listed for $10.900m. 

Massachusetts Real Estate Market Update done weekly.
This is for data consisting the week ending 3.27.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 3/27/2023!
✅ We are talking Interest rates, the economy including a BIG shoe to drop in the economy and viewing the Luxury Home of the week!
➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 2,990 homes available to buyers with 864 🏠 homes coming on the market this week.
✅ 846 Single Family homes went under agreement with 379 Single Families 💰 selling for an average price of $718k and a Median Price of $590k.
➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 3/27 was 1,946 condos available to buyers with 468 newly listed condos coming on the market last week. 
✅ 437 Condos went under agreement with 204 Condos 💰 selling for an average price of $601k and a Median Price of $500k.
➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are Up... And then Down. No upcoming economic news to really shift in either direction 
✅ Commercial Real Estate being another shoe to drop in our economy
➡️ Luxury Home Spotlight ⬅️
✅ 44 Forest Road, West Tisbury on Martha's Vineyard : https://www.boston2.com/idx/44-forest-rd-west-tisbury-ma-02575/12835423_spid/
✅6 Bedrooms, 4 Full and 1 Half Bath condo with 4,436 sqft on 4.2 Oceanfront Acres. Listed for $14.000m. 

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.