SUPPLY CAN'T KEEP UP WITH DEMAND | Massachusetts Real Estate Market Update 4/3/2023
Channel: Living in Boston & the Burbs by Jeffrey Chubb
Date: 05/04/2023

Even with a surge of supply.... It can't keep up with demand. Plus some quiet BIG world events that happened this week.

🤔Thinking of moving in Massachusetts? Let us help!🤠
Jeffrey Chubb 📱 Call or Text: 617-775-7687 📨 Email: Jeff@Boston2.com
Or fill out this info and have us reach out to you! 👉 http://www.youtuberealestateagent.com
= = = = = = =
Massachusetts Real Estate Market Update done weekly. This is for data consisting the week ending 4.3.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 4/3/2023!
✅ We are talking Interest rates, the economy including a BIG shoe to drop in the economy and viewing the Luxury Home of the week!

➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,064 homes available to buyers with 864 🏠 homes coming on the market this week.
✅ 1,010 Single Family homes went under agreement with 919 Single Families 💰 selling for an average price of $748k and a Median Price of $588k.

➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 4/3 was 2,026 condos available to buyers with 544 newly listed condos coming on the market last week. 
✅ 421 Condos went under agreement with 392 Condos 💰 selling for an average price of $778k and a Median Price of $550k.

➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are DOWN (Near 2 month lows!). No economic news this week... But get prepared for next week. 
✅ A development in the Commercial Real Estate market... And more to come!

➡️ Luxury Home Spotlight ⬅️
✅ 142 Beacon Street, Unit PH, Boston: Back Bay: https://www.boston2.com/idx/142-beacon-boston-ma-02116/12845749_spid/
✅ 4 Bedrooms, 4 Full and 2 Half Bath condo with 3,908 sqft with water and city views. Listed for $10.900m. 
======
Video Chapters
00:00 - Introduction
0:45 - This weeks market color
1:30 - Single Family Data
4:35 - Condo Market Data
6:21 - Interest Rates & the Red Flag in the Commercial Real Estate Market
8:34 - Luxury Property Review at 1 Dalton Street, Back Bay
9:40 - Conclusion
======
If this is your first time to this channel, and you want to know everything about eating, sleeping, working, playing, the good, and the bad of living in Boston, Massachusetts, then subscribe▶ and tap the bell🛎 for notifications so you can be the first to know about the current market in Boston Massachusetts.😁   

We get calls and emails everyday from people just like you, looking for help on making their move to the Boston Metro area and we absolutely love it.😍 Whether you are moving in 9 days or 90 days, give us a call ☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to the Boston area.🤠 

👇Connect with me 
Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | https://www.Boston2.com | Brokered by eXp Realty 

Wondering what the Massachusetts Real Estate Market Conditions are in 2022? Then this is the place to visit each week. Jeffrey will give an update on Massachusetts Real Estate for Massachusetts Single Family and Massachusetts Condo homes. Whether you are looking for a Boston Market Update or an entire Massachusetts Market Update, then this data will be helpful! He will provide the weekly market stats as well as some weekly market color as to what is going on in the Massachusetts Housing Market and whether Massachusetts Real Estate appreciating or Massachusetts Real Estate depreciating. Whether it is Boston Real Estate or anywhere else in the state, the market reports matter!

Disclaimer: These are the opinions of Jeffrey Chubb personally and not eXp Realty. You should do your own research to come up with your own conclusions when it comes to making the investment decision of buying or selling real estate.