|
What I have
experienced in the last three months is that sellers and buyers are coming
back with a renewed sense of confidence in the market and are ready to
transact!
However, there seems to have been a slow down in the past 2-3 weeks? In fact, Available Inventories throughout
Downtown Boston's historic neighborhoods have increased +-20% in the past 3o
days. But still, based solely on the most recent Sales Data, there
have been a record number of closings in the past two quarters in
comparison to the first three quarters of 2005! I am now confident that pent up demand has been recreated along
with a level playing field if the property in question is priced better
than the competition! In my humble opinion this will have an effect on
our market!
However, we still have the lowest Mortgage Rates in four months!
|