Katie McBride | Hopkinton Real Estate, Holliston Real Estate, Ashland Real Estate



In the community of Mllis, MA in the past month there have been 9 homes sold.  The average sale price of these homes was $446,711 and the homes were on the market an average of 53 days.  There have been 10 homes listed for sale during the past month in Millis, MA.
 
We are here to serve all your real estate needs in the surrounding communities.  We welcome your business, and we promise to take exceptional care of you or any of your referrals.



3 Things to Know in the Housing Market Today! | Simplifying The Market

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.

The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.

1. Interest Rates

One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our recent post we posed the question, “Are Low Interest Rates Here To Stay?” The latest information from Freddie Mac makes it appear they are. We are currently at a 21-month low in interest rates.3 Things to Know in the Housing Market Today! | Simplifying The Market

2. Building Materials

Talk of tariffs could also affect the housing market. According to a recent article, the National Association of Home Builders reports that as much as $10 billion in goods imported from China are used in homebuilding. Depending on the outcome of the tariff and trade discussions between several countries, there could be as much as a 25% boost in the cost of building materials.

3. Economic Slowdown

In a prior blog post on this topic, we began the year with many economic leaders thinking we could expect a recession in late 2019 or early 2020. As spring approached, we reported that economists had started to push that projection past 2020.  Now, three leading surveys indicate that it may begin in the next eighteen months.3 Things to Know in the Housing Market Today! | Simplifying The Market

Bottom Line

We are in a strong housing market. Wages are increasing, home prices are appreciating, and mortgage rates are the lowest they have been in 21 months.  Whether you are thinking of buying or selling, it’s a great time to be in the market.


In the community of Medway, MA in the past month there have been 10 homes sold.  The average sale price of these homes was $504,500 and the homes were on the market an average of 25 days.  There have been 10 homes listed for sale during the past month in Medway, MA.
 
We are here to serve all your real estate needs in the surrounding communities.  We welcome your business, and we promise to take exceptional care of you or any of your referrals.


Homes Sold in the Past Month – Shrewsbury, MA

 

In the community of Shrewsbury, MA in the past month there have been 31 homes sold.  The average sale price of these homes was $507,771 and the homes were on the market an average of 49 days.  There have been 49 homes listed for sale during the past month Shrewsbury, MA.

 

We are here to serve all your real estate needs in the surrounding communities.  We welcome your business, and we promise to take exceptional care of you or any of your referrals.


 


In the community of Northbridge, MA in the past month there have been 15 homes sold.  The average sale price of these homes was $367,933 and the homes were on the market an average of 53 days.  There have been 10 homes listed for sale during the past month Northbridge, MA.

 

We are here to serve all your real estate needs in the surrounding communities.  We welcome your business, and we promise to take exceptional care of you or any of your referrals




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