I don't know about you but right now, I am pretty proud to be from Massachusetts. Gov. Baker was cautious in opening up the state, but it is so reassuring to see our COVID numbers seemingly under control, while sadly many other states are seeing the opposite. As New Englanders, we have a reputation for being rule followers with our puritan roots, but at least in this case, those qualities are serving us well! Slow and steady is definitely winning the race these days.
In real estate there is another race of sorts- that is, to land a home in Massachusetts. We continue to find ourselves in very strong markets across all price ranges. When the market deems a house is well priced it will be sold in a matter of days.This is especially true for seemingly desirable neighborhoods as they are destinations for in town buyers as well as those moving into the area. The high end had another strong week, houses that are priced north of $3M are pending in a matter of days- especially if is is move in condition.
For those properties languishing on the market I am noticing price reductions in order to capture buyers at a new price point. Inventory is still low so at the right price these houses should sell quickly.
We have a holiday weekend ahead of us! I hope you are able to spend time with friends and family. Happy 4th of July.
Teri Adler Group 617.306.3642 tadler@pinnaclehouses.com