Wednesday, March 28, 2012

Most active spring market in years!

For much of Greater Boston, brokers are talking about this being THE most active spring market we've seen in years - and it's only just started (though with the warm temperatures, we had very strong February and March markets in many towns).  Looking in many towns and categories we are seeing increased activity outpacing increases in New Listings (example February 2012, we saw nearly twice as many Brookline condos under agreement as we did in February 2011).  When I talk to colelagues in Newton, Needham, the Back Bay (where $1 Million plus properties are absolutely flying this month), I hear the same thing - strong open house attendance, properties going under agreement, and "lack of inventory" at many price points.  We've been saying that buyers were "waiting 'til Spring" but with April 1 fast approaching, it will be interesting to see if enough houses come to market to satisfy buyer demand (yes, I've been a part of several multiple-offer situations in the past two weeks - another sign of emerging strength in the market!)  For more details or to contact me, visit www.toddglaskin.com or @investboston on Twitter!