2009 was one of steady improvement in the Boston Moving and Real Estate markets. The monthly average of home inventory available approached the 6-8 months of supply that is considered by most a balanced market. The average monthly inventory (11,330 units) was 19.25 percent lower than 2008 average level of 14,030 units statewide. This translates to 8.6 months of supply on average for 2009, compared to 10.8 months of supply on average in 2008. Many realtors are reading this as a sign that the strict buyer's market is nearing its end. Time will tell if this is the start of recovering prices, or if the continuing drag of high unemployment and the end of the homebuyer tax credit will lead to another stall. But for now, everyone is taking the report as a breath of fresh air after 3 years of poor market performance.
The number of detached single-family homes sold in 2009 went up 4.1 percent from 2008 (from 35,565 to 37,020 homes). The number of condominiums sold in 2009 went up 2.1 percent (from 15,039 to 15,361 units).
The median price for a single-family home declined 6.8 percent from 2008 (from $311,000 to $290,000). The condominium market saw median prices decrease 7.2 percent from 2008 (from $271,500 to $252,000).
For more details NEWS!!! Massachusetts Association of Realtors.
News
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- Boston Movers! Is is time to get organized?
- Boston Movers! Home prices surge in January.
- Boston Movers! Foreclosure Crisis Hitting Home in MA!
- Boston Movers! Economics 101, Supply down and Demand up =?
- Boston Movers! Is staging a home worth it?
- Boston Movers! Is the Fed exit from the mortgage market going to effect you!
- Boston Movers! Foreclosures slow in January but still up from last year
- Boston Movers! Does this week's drop in mortgage applications signal a future drop in prices?
- Boston Movers are leading the nation. MA realtors report on pending home sales.
- Boston Moving and Real Estate market improves in 2009
- Boston Moving Companies: Marathon Wins 6th Straight Super Service Award from Angie’s List
- Marathon Delivers for Cradles to Crayons
- Department of Defense Gives Approval to Marathon Moving Company’s York Ave. Warehouse
- Marathon Honored at Stevens Worldwide Van Line Agent’s Convention
