2022 Housing market in review
CNBC’s Diana Olick joins ‘The Exchange’ to discuss recent housing data, which seems to show there are cracks forming in the housing market, and that could be good news for buyers.
Boston luxury condos for sale 2018
2017 Housing market in review
- Existing home/condo sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
- The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
- NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”
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Bottom Line
If you are a Boston condo owner who is debating whether or not to list your Boston luxury condo for sale, know that real estate market conditions are primed for a quick turnaround. For Boston condo buyers, its time to act quickly to find your Boston home.
For more information on the Boston luxury condo market please call Robert Veek at 617-720-5454.
Updated: 2023
https://youtu.be/SRuWTj07f1g