A quick snapshot of the market this week, since real estate transactions are at a quiet hum while the world rushes around prepping for the holidays and vacations.

The pending home sales index tracked by the National Association of Realtors dropped 1.5% in October—the lowest number of contracts nationally in more than 20 years. Yet, interest rates in the last few weeks also backed down to roughly 7.29%—they were inching up towards 8% just before that. There was still activity with showings here post Thanksgiving! Our market is the gift that doesn't stop.

I expect sales volume and signed contracts to stay in these ranges for the next few months until a crop of new sellers and buyers emerge at the end of January. Trust me, they will.

Many properties were withdrawn from the market recently, so sellers can hunker down at home with family and not be interrupted by showings. These listings will re-emerge in a more crowded field in January, but I guarantee they will find their match and sell! The pent-up demand in the new year is dependable and never disappoints.

I am sure many of you have heard about the lawsuits around the country challenging the way real estate agents are paid when working with buyers. It's a constant topic of conversation in the field and with clients. I have written a separate blog with my thoughts on defending the value of a buyer's agent. Here is the link—always open to feedback and discussion.




Eat, drink, and be merry during the holiday season!


We are so happy to present this off market opportunity on the banks of the Charles River in Wellesley. 11 Winding River Circle- Please click the link to learn more.



I'm always available and more than happy to provide an analysis for you! Email me at teri@mgsgrouprealestate.com or call at 617-306-3642 to schedule a meeting.

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