Real Estate Advice – Boston Real Estate is Active. (10/19/09)
Activity in and around Boston has continued its busy path over the last few weeks. Buyers have certainly become more decisive and are continuing to generate movement throughout the Boston market. This activity, as expected, has been focused around the lower price points. It has been a much stronger market for property listed at <500k. The reason for this is directly connected to the first-time buyer incentives. First-time buyer's are generally at a lower price point than people that bought and sold in the previous 3 years. The other side of this coin is that property listed for >500k has seen activity remain a bit more stagnant. The school of thought is that in 3-5 years these ‘first-timers’ will become buyers in the >500k price point… therefore helping to close the gap of real estate recovery.