How High Interest Rates Help Buyers? Real Estate Market Update

Buying Real Estate
The Massachusetts Real Estate Market Update for 8/28/2023 talks about the upcoming Fall market and what to expect… Will we see the traditional flood of sellers? 🤔 | Massachusetts Real Estate Market Update

This video is about the Massachusetts Real Estate Market. These videos are produced every week to provide market color about the local real estate.

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Massachusetts Real Estate Market Update. This is for data consisting the week ending 8.28.2023.
Recap of Video:
✅ Single Family 🏠 & Condo data for the week of 8/28/2023!
✅ We are talking Interest rates and a reason why for the housing shortage.

➡️ Single Family 🏡 Market Data Week over Week ⬅️
✅ Single Family inventory of 3,976 homes available to buyers with 850 🏠 homes coming on the market this week.
✅ 904 Single Family homes went under agreement with 719 Single Families 💰 selling for an average price of $791k and a Median Price of $629k.

➡️ Condo Market Data Week over Week ⬅️
✅ Condo inventory in Massachusetts on 📅 8/28 was 2,203 condos available to buyers with 375 newly listed condos coming on the market last week.
✅ 321 Condos went under agreement with 263 Condos 💰 selling for an average price of $701k and a Median Price of $520k.

➡️ Mortgage Market News & Other Headlines ⬅️
✅ Interest rates went DOWN! (YAY)
✅ If you are a buyer, should you be begging for higher rates? A look into our inventory shortage.
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Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | | | 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.

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