No Housing Bubble for MA
November 25th, 2009
I was reviewing the Massachusetts Association of Realtors latest housing data that was posted and came across a nugget. It was a historical graph for single family home sales. It shows 18 years of sales data in the month of October.
OK, the MAR reported 3,828 sales of single family homes in October state wide.
This number of sales is very close to the same number in 2005 and about 17% more sales than last year.
Were 2001 and 2002 good years for home sales? This 2009 number is stronger than both of those years!
I read about all the naysayers out there about the housing market (just look at comments on Boston.com real estate articles) but the stats above provide perspective.
Sellers don’t fell as good these days to hear that their property has fallen in value over the past few years, but the fact is that the strength of the housing market is there. Whether this is because of buyers taking advantage of tax credits, distressed properties, or pent up demand, the fact is that houses are still selling.
Ed Daniels is part of The MA Home Team servicing the Metrowest Boston area. Under Re/Max Executive Realty, he has been a full time Realtor for over 11 years. Contact him at 508-341-7880 for any questions you may have with the local market.
Categories: Market Conditions, Real Estate
This entry was posted on Wednesday, November 25th, 2009 at 11:36 pm and is filed under Market Conditions, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
