Home Selling in 01331>Question Details

Robert, Home Buyer in Leominster, MA

Do you anticipate the market to get better in the near future for home selling? And when?

Asked by Robert, Leominster, MA Sun Apr 14, 2013

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There is a listing shortage. Multiple bids coming in on homes. If you sell now you won't get the price you would havce got in 2008 but by 2016 is the estimate based on foreclosure property inventory.
0 votes Thank Flag Link Mon Apr 15, 2013
The housing market is predicted by many good sources to continue to climb! The market is already shifting to a seller's market - this is due to low inventory and low interest rates. There are many qualified buyers looking for homes, so now is a great time to sell!
0 votes Thank Flag Link Sun Apr 14, 2013
Hello Robert,
I anticipate home values to increase within the next year. Right now activity has increased, more buyers are out looking, but they have less homes to look at (low inventory).

If homes for sale are priced right, they are selling quickly right now.

The spring always increases sales, so now is a great time.
0 votes Thank Flag Link Sun Apr 14, 2013
Leominster is showing a flattening to a slight appreciation the past year along with Worcester County in general. Appreciation is int the 1.5 - 2% range.

While no one has a crystal ball, the Greater Boston area appears to be in transition. Most areas are seeing slight appreciation. Inventory is drying up, market times are lowering while interest rates remain low. If things hold steady we should be seeing very modest appreciation for the next few years.

You are not going to see the peak prices of 2005-2006 for a very long time if that is what you are waiting for.... but the market is showing signs of health.
0 votes Thank Flag Link Sun Apr 14, 2013
couldn't be a better time to be selling then now. Low inventory, pent-up demand, low interest rates.
0 votes Thank Flag Link Sun Apr 14, 2013
The housing market is already firmly in favor of sellers. So, if you're looking to sell, anytime this year would be a good time.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Sun Apr 14, 2013
Hi Joe,

With interest rates still low and now inventory low, we have been seeing a gain for some months now. In fact the last few properties my company has listed has resulted in multiple over asking price offers. There are still many buyers in the market but fewer and fewer homes for sale resulting in a supply and demand circumstance that is favorable to sellers.
0 votes Thank Flag Link Sun Apr 14, 2013
Hi Robert,

The market is improving, we have seen price gains several months running.

I live and work in Leominster. Feel free to contact me (978-337-1237) or Joyce@JoyceLin-RE.com for a free Comparable Market Anaysis on the value of your home.

0 votes Thank Flag Link Sun Apr 14, 2013
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