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Real Estate Tides Are Turning!

Good news for sellers & update on the real estate market for the 1st open House week end of 2013

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.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Marianne Cherico January 10, 2013 at 01:25 PM
I think it is going to be a busy spring. I am already staging alot of houses. And the rates are so great-the PERFECT time to buy:)

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