The real estate market is highly dependent on supply and demand. It continually changes from year to year and even from season to season. If you are thinking about purchasing or selling real estate, the following is information on the MA 2012 fall home market outlook.
What to Expect this Fall
Fall traditionally remains a busy time of year. Home buyers look to complete their home purchase before the winter, the busy holidays, and year end (to take advantage of tax benefits). Mortgage rates are also at historic lows, allowing more buyers to afford home ownership. This season, certain markets are faced with an inventory shortage. This could be due to fewer foreclosures, sellers holding on to their properties waiting for values to increase, or sellers falsely believing that real estate is not moving. Whatever the reason, it is causing less inventory during a time of high demand. The result is an influx of activity for any new listings, multiple offers on properly priced listings, and listings quickly going under agreement.
Beyond the MA 2012 Fall Home Market Outlook
If you are contemplating listing, it is a great time to do so. With a listing agent who understands the area, your residence can be marketed to sell within a reasonable time frame and for maximum market value. If you are trying to buy, get pre-approved and be prepared to act quickly. Listings in good condition and properly priced will not remain on the market long. This MA 2012 fall home market outlook article is only an overview. For detailed MA market statistics or help with listing or buying, call Christopher Graves at Emery Federal Credit Union at 781-759-1200 x22.