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.

Homes flying off the shelf

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 Andrew.Oliver@SothebysRealty.com.

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

You can REGISTER to receive email alerts of new posts on the right hand side of the home page at www.OliverReports.com.

@OliverReports