Katie McBride's Blog
“Pending sales bounded last month as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to sign a contract.”
So, what’s the problem?Buyers are searching for existing homes, but supply is not keeping up with their demand! Yun went on to explain,
“The main storyline in the early months of 2017 will be if supply can meaningfully increase to keep price growth at a moderate enough level for households to absorb higher borrowing cost. Sales will struggle to build on last year’s strong pace if inventory conditions don’t improve.” (emphasis added)
Bottom LineBuyers are out in force right now! If you are considering selling your home this year, the early months of 2017 will be your best option. Let’s get together to discuss how you can capitalize on current market conditions.
In the community of Ashland, MA in the past month there have been 15 homes sold. The average sale price of these homes was $496,727 and the homes were on the market an average of 29 days. There have been 9 homes listed for sale during the past month Ashland, MA.
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