What is your favorite season?
Well for me its the fall season.
Is the Fall season good for Boston condo buyers and sellers?
Welcome to the Boston Fall real estate season. One of the best times for Boston condo buyers and sellers. Along with the Spring months, the Fall is a particularly busy time for Boston condo for sale brokers, like me. You’ll see new Boston condo listings hitting the market daily, upstaging the properties that have been listed for 30 days or more. Buyers run out to look at all the new, shiny inventory and completely forget about the opportunities that may exist with the “stale” properties.
It’ll be no different this year. August and September saw buyers, sellers and real estate agents off on (overdue) vacations. The result? Fewer prospective buyers, sellers holding off on listing properties until the Fall and agents perhaps not being as aggressive about scheduling showings or calling their clients’ attention to languishing listings.
The market experienced its typical summer slowdown, and the pace was even more lackluster due to higher interest rates.
Now that summer has come and gone, here’s how the Fall Boston condo for sale market is looking:
At the time of this writing, the average 30-year fixed mortgage rate is 6.820%.
The national average 15-year fixed mortgage APR is 6.040%, up compared to last week’s of 5.770%.