Lamacchia Realty

JUNE 20, 2023

Single families: $748,991 (2022) | $736,501 (2023) Condominiums: $651,199 (2022) | $658,673 (2023) Multi-families: $648,629 (2022) | $671,965 (2023) Homes Listed For Sale: T he number of homes listed is down by 18.3% 2023: 7,571 2022: 9,417 2021: 10,161 Price Reductions: The number of price reductions is down 32.6%

Sellers 65

Sellers Real Estate Realty Home Value 65

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. Buyers are offering sellers prices considerably above list price in many cases.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Lamacchia Realty

JUNE 20, 2023

Single families: $535,219 (2022) | $595,464 (2023) Condominiums: $285,671 (2022) | $309,862 (2023) Homes Listed For Sale: T he number of homes listed is down by 26.2% 2023: 3,452 2022: 4,263 2021: 5,090 Data provided by SmartMLS then compared to the prior year.

Real Estate 55

Real Estate Sellers Realty Home Value 55

Lamacchia Realty

DECEMBER 19, 2023

Single families: $517,863 (2022) | $553,935 (2023) Condominiums: $286,664 (2022) | $325,453 (2023) Homes Listed For Sale: T he number of homes listed is up by 5.7% 2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% What’s next?

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . And 2022 was off by some 17% from 2021. in October 2021]. …We

Marketing 410

Marketing Investing Investors Landlords 410

Lamacchia Realty

MAY 22, 2023

Single families: $697,882 (2022) | $704,187 (2023) Condominiums: $653,088 (2022) | $651,446 (2023) Multi-families: $624,543 (2022) | $608,239 (2023) Homes Listed For Sale: T he number of homes listed is down by 29.1% 2023: 6,178 2022: 8,170 2021: 9,335 Price Reductions: The number of price reductions is down 41.5%

Sellers 58

Sellers Real Estate Realty Home Value 58

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $484,935 (2023) | $554,204 (2024) Condominiums: $318,153 (2023) | $314,791 (2024) Homes Listed For Sale: T he number of homes listed is down by 3.9% What does this mean for Buyers ? Buyers, make sure you don’t make these house hunting mistakes ! What’s Happening in the Market?

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

NOVEMBER 27, 2023

Single families: $653,286 (2022) | $702,935 (2023) Condominiums: $597,287 (2022) | $623,028 (2023) Multi-families: $605,432 (2022) | $671,070 (2023) Homes Listed For Sale: T he number of homes listed is up slightly by 0.02% when compared to October 2022. What does this mean for Buyers ? when compared to October 2022.

Sellers 65

Sellers Real Estate Buyers Inventory 65

Lamacchia Realty

MAY 22, 2023

Single families: $548,071 (2022) | $569,645 (2023) Condominiums: $272,380 (2022) | $312,982 (2023) Homes Listed For Sale: T he number of homes listed is down by 31.6% Instant Home Evaluation See immediately how this market is impacting your home value. when compared to April 2022.

Real Estate 50

Real Estate Sellers Realty Home Value 50

Lamacchia Realty

DECEMBER 19, 2023

Single families: $663,821 (2022) | $697,656 (2023) Condominiums: $594,726 (2022) | $608,752 (2023) Multi-families: $621,874 (2022) | $658,276 (2023) Homes Listed For Sale: T he number of homes listed is down slightly by 0.69% when compared to November 2022. What’s next?

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $632,613 (2023) | $702,284 (2024) Condominiums: $633,473 (2023) | $679,516 (2024) Multi-families: $592,514 (2023) | $637,010 (2024) Homes Listed For Sale: T he number of homes listed is up by 8.6% 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

Sellers 62

Sellers Real Estate Buyers Inventory 62

Lamacchia Realty

JUNE 20, 2023

Single families: $531,565 (2022) | $552,226 (2023) Condominiums: $390,152 (2022) | $469,511 (2023) Multi-families: $454,059 (2022) | $492,424 (2023) Homes Listed For Sale: T he number of homes listed is down by 19.4% 2023: 1,860 2022: 2,348 2021: 2,478 Data provided by NEREN then compared to the prior year.

Real Estate 49

Real Estate Sellers Realty Home Value 49

Lamacchia Realty

MAY 22, 2023

2023: 1,614 2022: 1,951 2021: 2,236 NH Real Estate Updates As we navigate this unprecedented time and the impact it’s having on buying, selling, renting, and homeownership, being informed is one of the first steps in knowing what to do next. Instant Home Evaluation See immediately how this market is impacting your home value.

Real Estate 51

Real Estate Sellers Realty Home Value 51

Lamacchia Realty

NOVEMBER 27, 2023

Single families: $546,629 (2022) | $576,610 (2023) Condominiums: $412,457 (2022) | $433,378 (2023) Multi-families: $447,422 (2022) | $507,235 (2023) Homes Listed For Sale: T he number of homes listed is up by 6.7% 2023: 1,858 2022: 1,741 2021: 1,920 Pending Home Sales: The number of homes placed under contract is down by 0.8%

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

AUGUST 25, 2023

Knowing this, serious buyers should be ready to strike with updated preapprovals and be informed about their mortgage options, including buydowns and assumptions , to ensure that they can be successful in this market. For sellers who cannot wait to list their homes due to changes in life circumstances (e.g., when compared to July 2022.

Sellers 58

Sellers Real Estate Inventory Buyers 58

Lamacchia Realty

OCTOBER 19, 2023

Single families: $528,879 (2022) | $565,163 (2023) Condominiums: $303,917 (2022) | $316,041 (2023) Homes Listed For Sale: T he number of homes listed is down by 9.8% 2023: 2,965 2022: 3,415 2021: 4,457 Data provided by SmartMLS then compared to the prior year. Additionally, the number of homes listed is down 9.8%.

Sellers 60

Sellers Real Estate Buyers Realty 60

Lamacchia Realty

OCTOBER 19, 2023

2023: 5,566 2022: 6,542 2021: 8,936 Price Reductions: The number of price reductions is down 35.3% 2023: 561 2022: 867 2021: 903 Data provided by Warren Group & MLSPIN then compared to the prior year. Additionally, the number of homes listed is down 12%. What does this mean for Buyers ?

Sellers 60

Sellers Real Estate Buyers Realty 60

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $381,123 (2023) | $475,011 (2024) Condominiums: $470,541 (2023) | $474,813 (2024) Multi-families: $367,522 (2023) | $467,338 (2024) Homes Listed For Sale: T he number of homes listed is up by 13.7% 2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3%

Sellers 56

Sellers Real Estate Buyers Inventory 56

Lamacchia Realty

AUGUST 25, 2023

With that said, serious buyers should be ready to strike with updated preapprovals and be informed about their mortgage options, including buydowns and assumptions , to ensure that they can be successful in this market. For sellers who cannot wait to list their homes due to changes in life circumstances (e.g.,

Sellers 57

Sellers Real Estate Inventory Buyers 57

Lamacchia Realty

FEBRUARY 23, 2024

Single families: $ 525,467 (2023) | $530,608 (2024) Condominiums: $409,028 (2023) | $500,879 (2024) Multi-families: $431,353 (2023) | $489,323 (2024) Homes Listed For Sale: T he number of homes listed is up by 17.9% 2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1%

Sellers 54

Sellers Real Estate Buyers Inventory 54

Lamacchia Realty

JANUARY 24, 2024

Single families: $495,033 (2022) | $552,578 (2023) Condominiums: $296,066 (2022) | $319,672 (2023) Homes Listed For Sale: T he number of homes listed is down by 1.2% 2023: 1,661 2022: 1,681 2021: 2,315 Pending Home Sales: The number of homes placed under contract is down by 2.1%

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

JULY 25, 2023

As such, inventory is battling to keep up with the buyer demand that is currently in the market. In time, most would-be sellers will have to list their homes to accommodate family needs, career, etc. and it is crucial that sellers price their home competitively to drum up more demand.

Sellers 53

Sellers Real Estate Buyers Realty 53

Lamacchia Realty

OCTOBER 19, 2023

Single families: $534,807 (2022) | $579,901 (2023) Condominiums: $390,549 (2022) | $453,285 (2023) Multi-families: $503,267 (2022) | $486,230 (2023) Homes Listed For Sale: T he number of homes listed is down by 0.5% 2023: 1,645 2022: 1,856 2021: 2,352 Data provided by NEREN then compared to the prior year.

Sellers 54

Sellers Real Estate Buyers Realty 54

Lamacchia Realty

DECEMBER 19, 2023

Single families: $549,922 (2022) | $559,251 (2023) Condominiums: $414,921 (2022) | $533,433 (2023) Multi-families: $501,629 (2022) | $469,320 (2023) Homes Listed For Sale: T he number of homes listed is up by 7.3% 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

Real Estate 56

Real Estate Sellers Buyers Realtors 56

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $517,326 (2023) | $609,905 (2024) Condominiums: $420,479 (2023) | $375,106 (2024) Multi-families: $435,569 (2023) | $535,776 (2024) Homes Listed For Sale: T he number of homes listed is up by 3.8% What does this mean for Buyers ? Buyers, make sure you don’t make these house hunting mistakes !

Sellers 52

Sellers Real Estate Buyers Inventory 52

Lamacchia Realty

NOVEMBER 27, 2023

Single families: $506,346 (2022) | $560,286 (2023) Condominiums: $290,303 (2022) | $352,789 (2023) Homes Listed For Sale: T he number of homes listed is down by 1.4% 2023: 2,991 2022: 3,230 2021: 4,529 Data provided by SmartMLS then compared to the prior year. What does this mean for Buyers ? What’s next?

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

AUGUST 25, 2023

Keeping this in mind, serious buyers should be ready to strike with updated preapprovals and be informed about their mortgage options, including buydowns and assumptions , to ensure that they can be successful in this market. For sellers who cannot wait to list their homes due to changes in life circumstances (e.g.,

Sellers 50

Sellers Real Estate Inventory Buyers 50

Lamacchia Realty

JANUARY 24, 2024

Single families: $649,342 (2022) | $675,591 (2023) Condominiums: $587,796 (2022) | $617,609 (2023) Multi-families: $639,045 (2022) | $611,709 (2023) Homes Listed For Sale: T he number of homes listed is down by 6.5% 2023: 2,367 2022: 2,531 2021: 3,462 Pending Home Sales: The number of homes placed under contract is down by 3.3%

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

JULY 25, 2023

As such, inventory is struggling to rise enough to keep up with the buyer demand that is currently in the market. Inevitably, most sellers will have to list their home to accommodate family needs, career, etc. This coupled with other economic factors has made affordability a serious concern and deterrent for many buyers.

Sellers 50

Sellers Real Estate Buyers Realty 50

Lamacchia Realty

JULY 25, 2023

As such, inventory is struggling to rise enough to keep up with the buyer demand that is currently in the market. Inevitably, most sellers will have to list their home to accommodate family needs, career, etc. This coupled with other economic factors has made affordability a serious concern and deterrent for many buyers.

Sellers 52

Sellers Real Estate Buyers Realty 52

Lamacchia Realty

FEBRUARY 27, 2024

Single families: $948,706 (2023) | $1,058,316 (2024) Condos & Townhomes: $504,195 (2023) | $533,283 (2024) Homes Listed For Sale: T he number of homes listed is up by 24% when compared to January 2023. 2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1%

Inventory 52

Inventory Sellers Real Estate Buyers 52

Eppraisal

JUNE 1, 2021

List your home for sale on the market one minute, and the next you're likely fielding offers. Gay Cororaton, the Research Economist for the National Association of Realtors states, "On average, there were four offers per home sold (closed) in February 2021." Home values are rising because of this.

Real Estate 64

Real Estate Contracts Sellers Buyers 64

Lamacchia Realty

APRIL 24, 2023

Many buyers took advantage of rates when they dipped since financing with a lower rate increases overall buyer affordability! In Q1 2023, the number of homes listed in Massachusetts was the lowest in recorded history. Sellers, list your home NOW for the most money ! when compared to March 2022.

Sellers 62

Sellers Buyers Inventory Real Estate 62

Lamacchia Realty

FEBRUARY 22, 2023

Increased rates reduce buyer affordability, especially with the price of everything else going up at the same time, so many buyers were forced to exit the market and haven’t been able to re-enter. Sellers, there are benefits to working with a buyer using the mortgage options described above. when compared to January 2022.

Real Estate 70

Real Estate Sellers Contracts Buyers 70

Lamacchia Realty

JANUARY 24, 2024

Single families: $527,757 (2022) | $539,922 (2023) Condominiums: $417,970 (2022) | $452,000 (2023) Multi-families: $462,542 (2022) | $475,035 (2023) Homes Listed For Sale: T he number of homes listed is up by 1.5% 2023: 799 2022: 787 2021: 996 Pending Home Sales: The number of homes placed under contract is up by 10.9%

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

APRIL 24, 2023

With these ebbs and flows, serious buyers need to stay tuned into the market so that they are ready to strike if rates drop down. Financing with a lower rate increases overall buyer affordability, so make sure you have updated preapprovals and have reviewed all your mortgage options. when compared to March 2022.

Sellers 62

Sellers Buyers Inventory Real Estate 62

Lamacchia Realty

MARCH 28, 2023

Buyers – lowered mortgage rates increase your affordability ! There are also several mortgage products available to you such as buydowns and assumptions that can make buying a home more feasible in this market. However, the sooner you list your home, the more you will sell it for versus waiting a few more months.

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Sellers Inventory Buyers Real Estate 69