Real Estate — Full House
We are seeing it in the Boston and Greater Boston neighborhoods. Buyers are coming in droves to open houses to tour the low number of properties that are currently on the market. In some cases there have been 20, 30 or more parties reported having come through a Sunday open house, even with buyers waiting at the property before the doors are opened.
What is happening? There are a few factors that we can speculate that are contributing to the current state of the real estate market. First, the current rates are still proving to be at historical lows, even sometimes making it cheaper to own your home than rent. Next, this year’s extremely mild climate has invited the spring real estate market to arrive earlier than normal. Finally, with the number of active homes for sale in MLS being low, buyers are quickly jumping on any properties that are coming on the market.