The Memorial Day Weekend Trend? 🤔 | Massachusetts Real Estate Market Update for 5.29.2023
Channel: Living in Boston & the Burbs by Jeffrey Chubb
Date: 01/06/2023

Is this just a Memorial Day Weekend trend?!?  🤔 | Massachusetts Real Estate Market Update

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Massachusetts Real Estate Market Update done weekly. This is for data consisting the week ending 5.23.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 5/29/2023!
✅ We are talking Interest rates and what the debt ceiling coming to an end means... Plus the Luxury Home of the week!

➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,398 homes available to buyers with 692 🏠 homes coming on the market this week.
✅ 1,091 Single Family homes went under agreement with 569 Single Families 💰 selling for an average price of $808k and a Median Price of $619k.

➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 5/29 was 2,128 condos available to buyers with 267 newly listed condos coming on the market last week. 
✅ 432 Condos went under agreement with 296 Condos 💰 selling for an average price of $743k and a Median Price of $560k.

➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates break their increase streak! 
✅ The debt ceiling coming to an end means rates go down.
✅ Home Price Declines in America 

➡️ Luxury Home Spotlight ⬅️
✅ 13 Proctor Street, Manchester = https://www.boston2.com/idx/13-proctor-street-manchester-ma-01944/12917662_spid/
✅ 6 Bedrooms, 7 Full and 1 half Baths with stunning views that spans 9,600 square feet. Listed for $13.750m. 
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Video Chapters
00:00 - Introduction
0:40 - This weeks market color
1:10 - Single Family Data
4:05 - Condo Market Data
5:48 - Interest Rates, Doom Loop...
7:49 - Luxury Property Review at 47 East Chop, Martha's Vineyard
8:57 - Conclusion
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👇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.