Happy New Year to the Real estate market!
Wow! What a week end it was for both buyers and sellers! For many sellers this past week-end brought double digit numbers to the Open Houses. There were so many buyers out there looking.
A home open in Norwood had over 50 parties through! Is that crazy? Another agent was writing up 6 offers! Another agent had 4 offers on 1 house! Generally speaking, the price point that is so hot here in Medfield is under $650,000.
3 Houses went under agreement in Medfield. 43 homes are available.
This is a new year and a very positive start for real estate in our area. Buyers may be getting a reality check with the competition and less inventory. Which brings me to my next point; we need more inventory to satisfy the need of buyers. Having only 43 homes on the market is very low inventory.
So if you are thinking of making a move, get your home in tip top condition because the buyers are out looking for their new home.