Housing price seasonality in Massachusetts

Maseasonality_bw1_1Some pictures are worth a thousand words, others are worth tens of
thousands in savings (or more than $100,000 in some communities in
Greater Boston.)

Click on the graph above for a closer look at seasonal variation in
median sales prices for single family homes across Massachusetts before
making "The Big Move" this Spring, or you could be making a "Big Mistake."

Note, this graph helps explain why median sales prices in Massachusetts are down 9.5 percent from their peak last summer.  Inflation-adjusted prices are down even further.  Will median housing prices
rebound this summer?  That depends, in part, on offers made by
overeager buyers in coming weeks.  Peak sales prices in June reflect
offers typically made in April and May.  What’s our advice?  Make sure
you’re making the "Right Move," and don’t mistake a marketing push for a market opportunity.  Asking prices will soften after the 4th of July, when it’s likely we’ll see a record number of listings get the "Big reMove," and savings opportunities increase for the balance of the year.

Posted in Defensive Homebuying, Market trends, Price trends, Real Estate Bubble, Timing the market

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