"A few years ago, inventory hit a record low. Just about anything sold - and fast. But now, there are far more Boston Seaport condos for sale on the market. Listings are up almost 20% from this time last year. And in some areas, supply is even back to levels we last saw in 2017-2019. For sellers, that means one thing:"
"Data from Realtor.com shows most of the inventory growth lately is actually from active listings that are staying on the market and taking longer to sell ( see the graph below). The blue bars show active listings. These are the homes that are sitting month to month and not selling. The green bars are new listings, the homes that were just put on the market. And it's clear there are fewer new listings compared to how many are staying on the market unsold."
"The secret to selling in today's market is simple. Make sure your house is easy for buyers to say yes to as soon as it is listed. Price, it based on current conditions (not what your neighbor sold for 3 years ago). Make important repairs. And highlight the best things about your house. If you do that, it will sell in any market - sometimes even faster than you'd think. Because the truth is, homes that are priced right today are still selling."
Inventory of Boston Seaport condos has risen nearly 20% year-over-year, returning supply in some areas to 2017–2019 levels. Most inventory growth stems from active listings that remain on the market longer rather than new listings. Active listings are homes sitting month to month without selling, while new listings are recently listed homes. To sell quickly, price homes based on current market conditions, complete necessary repairs, and highlight property strengths. Homes appropriately priced and prepared continue to sell, while owners who cling to outdated pricing expectations and skip repairs are seeing listings go stale.
Read at Boston Condos For Sale Ford Realty
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