ARE WE SAFE? 🤔 | The Market ISN'T Crashing | Massachusetts Real Estate Market Update for 4/24/2023
Channel: Living in Boston & the Burbs by Jeffrey Chubb
Date: 26/04/2023

Inventory is not growing... At this point the question becomes when will our inventory dip below the inventory levels of last year?!?

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Massachusetts Real Estate Market Update done weekly. This is for data consisting the week ending 4.24.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 4/24/2023!
✅ We are talking Interest rates, the economy and talking actual facts on a social media meme that has spread like wild fire... Plus the Luxury Home of the week!

➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,137 homes available to buyers with 961 🏠 homes coming on the market this week (Knew this was going to be down because of Easter).
✅ 1,031 Single Family homes went under agreement with 544 Single Families 💰 selling for an average price of $764k and a Median Price of $579k.

➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 4/24 was 2,182 condos available to buyers with 539 newly listed condos coming on the market last week. 
✅ 508 Condos went under agreement with 257 Condos 💰 selling for an average price of $703k and a Median Price of $527k.

➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates dropped a bit! But for discussion purposes... It was pretty much flat for the week. 
✅ Higher Credit borrowers paying more while lower credit borrowers are paying less? Should you really tank your credit to get a better deal? Lets separate the fact from fiction on this social media meme 

➡️ Luxury Home Spotlight ⬅️
✅ 49 Margin Street, Cohasset, MA: https://www.boston2.com/idx/49-margin-st-cohasset-ma-02025/12862115_spid/
✅ 10 Bedrooms, 7 Full and 4 Half Bath Mansion spanning over 20,000 sqft. Stunning water views while being nestled on 9.41 acres. Includes a 112 foot deep water dock! Listed for $18.000m. 
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Video Chapters
00:00 - Introduction
0:33 - This weeks market color
1:39 - Single Family Data
4:06 - Condo Market Data
5:53 - Interest Rates & the (unrealistic) buyer's perception
8:50 - Boston Commercial Real Estate Market & the Bullwhip effect
10:12 - Luxury Property Review at 1 Dalton Street, Back Bay
11:11 - 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.