Would you say that Boston is currently experiencing a: ? 1. Buyer's market 2. Seller's market 3. Balanced market

Asked by Trulia Boston, Boston, MA Wed Mar 13, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

17
CH Naamad, Agent, Boston, MA
Wed Mar 13, 2013
BEST ANSWER
It is an absolutely seller' s market. Now. We are seeing a large number of offers on most desirable properties, and most of them are above asking price.
In my office, we submitted offers at asking and at over asking, and we were turned down still.
last week, we matched an offer price with no contingencies and cash purchase and closing within 2 weeks, and we still lost to another buyer.
If this is NOT a seller's market, then I don t know what we shall call it.
Buyers, if you see something you like, grab it!!
1 vote
Shane Engel, Agent, Waltham, MA
Mon Mar 18, 2013
Every specific community is different, but by-and-large there is currently very restricted inventory (relatively few homes 'For Sale.') This is currently creating a situation where it is common for (good, well-priced) listings to elicit multiple offers and drive prices upward. This is indicative of a 'seller's market.')
1 vote
Angela Guo, Agent, Brookline, MA
Wed Mar 13, 2013
definitely a sellers market in Boston.
1 vote
Wendy Bian, Agent, Boston, MA
Tue Apr 1, 2014
200% seller market, agree with others here. If the listing price is not ridiculously higher than that the market sets, it will sell effortlessly. Buyers really need to prepare well and use smart offer strategy to win the bidding war of hot homes. And conversion rate is low if you are an agent working on the seller side. You will face fierce competition of other listing agents. Being a buyer agent is not easy either, and has to be smart on offer-making games to help your buyer win.
0 votes
Mariana Gals…, Agent, Boston, MA
Wed Jul 3, 2013
Boston is currently experiencing a Dictator's market. Average home on the market is selling at 103% of asking price and that's Average! Supply and demand.
However, within the next few years there will be an injection of inventory from several new developments both in rental apartments and condominiums which will alleviate the stress of the current market.

Mariana Galstian
My Boston Condo
http://www.mybostoncondo.com
0 votes
Territory.c…, Agent, MA,
Wed Mar 20, 2013
199% a sellers market! My company only represents Buyer's so we are very much in tune with the trends on this side of the deal. I would say 98% of the offers our clients are making are in competitive bid scenarios (aka multi bids on one home) - we are talking 8+ bidders on a property! This was originally driven by low inventory and in our opinion is now being driven by a mix of that and inflation plus the rates are still low. We have predicted in some markets this will drive prices up 3-5% by the spring.

Happy searching!

Territory.com
Massachusetts Premier Buyer Brokerage
617 848 5407 x701
Web Reference:  http://territory.com/
0 votes
Ray Stockwell, Agent, Boston, MA
Tue Mar 19, 2013
I have to agree with Shane. If the areas that I work in the most Boston's South End, Jamaica Plain, Back Bay, Beacon Hill and the Leather District an appropriately priced piece of real estate is selling very quickly and getting multiple offers due to low inventory. That is the basic definition of a seller's market.
0 votes
Mario Pavli, Agent, Boston, MA
Wed Mar 13, 2013
It's def. a seller's market as there is no inventory.
0 votes
Rafael Herna…, Agent, Roslindale, MA
Wed Mar 13, 2013
Definitely have to agree with everyone here. If you are a seller now is your time to shine. With hardly any inventory going on and many buyers looking for properties this is when you want to sell
0 votes
Matt Sullivan, Agent, Boston, MA
Wed Mar 13, 2013
Due to the lack of housing inventory, we’re currently experiencing a seller’s market, especially in the Greater Boston area. We’re also experiencing a rise in home prices which will hopefully give homeowners more confidence to put their homes up for sale and provide more balance to the market.
0 votes
Adam Rosenba…, Agent, Arlington, MA
Wed Mar 13, 2013
There's no debate here. With the dearth of inventory, it's definitely a seller's market. If you were thinking of putting your house on the market, NOW is the time. Recent Belmont 3 bedroom had 22 offers over the weekend. Simple supply and demand. Contact me for town specific data.
0 votes
bill meissner, Agent, needham, MA
Wed Mar 13, 2013
Without question - a seller's market. 10 offers on a property proves it.
0 votes
Michael Welsh, Agent, Boston, MA
Wed Mar 13, 2013
Sellers market, without a doubt. Inventory is low and multiple offers over asking are happening often. Feel free to contact me if you have any other questions or would like more details.
0 votes
Michael Sylv…, Agent, Boston, MA
Wed Mar 13, 2013
100% sellers market in Boston. Inventory is tight, and demand is far outweighing supply
0 votes
Michael Vera…, Agent, Boston, MA
Wed Mar 13, 2013
Sellers! New listings are getting multiple offers and selling over asking.
0 votes
Kenzo Tatsuno, Agent, Waltham, MA
Wed Mar 13, 2013
Sellers market. Please visit my website
Web Reference:  http://www.nemoves.com/Kenzo
0 votes
Bill Eckler, Agent, Venice, FL
Wed Mar 13, 2013
From what we have heard via this forum and other sources, would lead one to believe, that like so many other locations, Boston is a market in transition......
0 votes
200% seller market, agree with others here. If the listing price is not ridiculously higher than that the market sets, it will sell effortlessly. Buyers really need to prepare well and use smart offer strategy to win the bidding war of hot homes. And conversion rate is low if you are an agent working on the seller side. You will face fierce competition of other listing agents. Being a buyer agent is not easy either, and has to be smart on offer-making games to help your buyer win.
Flag Sat Mar 29, 2014
Search Advice
Search
Ask our community a question

Email me when…

Learn more