Homes are flying off the shelf

It seems that not only sellers. but also buyers, have been galvanized into action since Easter, and as a result homes are flying off the shelf. Yesterday I published New listings – what a difference a week makes, referring to the spike in new listings since Easter.

This article traces sales that have been agreed since Monday – and bear in mind that this is before today’s monster
Open House day – and compares those with the number of properties for sale at the beginning of the week.

MLS, Oliver Reports

Percentages can be high because inventory is low, but I find these numbers tell a compelling story of the pace of sales. And, of course, new inventory has come to the market this week and more will come next week.

One final set of numbers: of the 8 SFHs that received accepted offers in Marblehead this week, 4 received offers after being on the market just 1 day and 2 more after 3 days.

The message seems clear: buyers are out there, and a well-priced, attractive property will attract buyers quickly.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].

Read  Which broker should list my house for sale?

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

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