Just as of late, we have been heavily discussing some of the
performances in the Real Estate market as the opening months of
2012 have been immensely successful. From numbers achieved in
the town of Somerville explaining
the States first quarter triumphs to another blog
discussing the 20% increase in single-family sales Massachusetts
saw for March of 2012, month-over-month the positivity amongst the
populace is growing.
For the twelfth straight month as of April of 2012, pending
sales for both condominiums and single-family home sales have
increased! This is utterly fantastic. To realistically think that
while much of the United States is still in dire need for any
positive sign regarding their Real Estate market and economy as a
whole, those within The Greater Boston Area are certainly in quite
the lofty position.
So what were the exact findings from the month of April?
- Condominium pending home sales increased 1.3% in April of 2012
compared to the previous month of March - When looking at year-over-year statistics, Condominium pending
home sales were up 30.9% in April compared to a year ago in April,
2011 - Single-family pending home sales increased 5.9% in April
compared to the previous month of March - Finally, when looking at year-over-year statistics,
single-family pending home sales were up 35.6% compared to a year
ago in April, 2011
If there still are doubters and skeptics out there regarding the
market in the State of Massachusetts, that is fine. Of course, many
people throughout this State and the greater nation completely lost
trust and faith in such an industry because of the financial
hardships they had to endure as they stared deeply into the face of
the economic recession. However, there will always be a rebound
effect in this field, one that can relate to any business markets
peaks and troughs.
The magnet effect is in full force in Massachusetts as investors
from a variety of industries are coming to the area, as are
countless prospective Real Estate buyers. It can be inferred that
if simply outside money is infiltrating the market, this can not be
fully accepted as an accomplishment. This absolutely is not the
case; Bostonians and those living near and far from the Hub are
also seeing the benefits of relocating or investing in other
property locally. Buying now is key especially since mortgage and
interest rates are at all time lows.
With such a solid backbone for a sustainable and appreciating
market for the prolonged future as evidenced by the many
statistical reports (such as the figures mentioned above), our
market has a great advantage over the rest of the country for
continuing this impressively positive turnaround. Trends like these
are what make us so proud to be in this business helping
individuals find the home, commercial space, land, rental or
vacation property of their dreams. With residents and visitors
alike beginning to follow this domino wave by increasingly
reflecting and embracing such optimistic sentiments that we and
studies both share, the current status quo of the Boston Real
Estate market and its surroundings is one with a bright 2012 ahead
of it.
More Information: The MAR Report