Massachusetts Real Estate Market inventory Nosedive! Market Update for 1/29/2024
Channel: Living in Boston & the Burbs by Jeffrey Chubb
Date: 2024-01-31

The Massachusetts Real Estate Market saw inventory nosedive! It seems that the market has "normalized". What should we expect for February? 

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Massachusetts Real Estate Market Update. This is for data consisting the week ending 1.29.2024.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 1/29/2024!
✅ What happened with Interest rates this week? 

➡️ Single Family 🏡 Real Estate Market Data Week over Week ⬅️
✅ Single Family inventory of 2,822 homes available to buyers with 571 🏠 homes coming on the market this week.
✅ 735 Single Family homes went under agreement with 384 Single Families 💰 selling for an average price of $727k and a Median Price of $575k.

➡️ Condo Real Estate Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 1/29 was 1,757 condos available to buyers with 327 newly listed condos coming on the market last week.
✅ 335 Condos went under agreement with 140 Condos 💰 selling for an average price of $700k and a Median Price of $523k.

➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates are up this week! But what skeletons in the closet should we be scared of? 
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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 2023? Questions has the market turned into a buyer's market? 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.