Housing inventory rebounds at record rate in largest metros, but Boston lags behind, Realtor.com reports: #Massachusetts #HomeBuyers #HomeOwnership

 The number of homes available to buyers climbed eighteen point seven percent in June, the sharpest year over year increase in the history of the Realtor.com Monthly Housing Trends Report. While active listings increased, so did prices. The median home price in the report increased sixteen point nine percent to four hundred and fifty dollars, compared to June 2021.

 In the Boston Cambridge Newton region, the median listing price increased eight point six percent year over year to seven hundred fifty nine thousand dollars, while active listings increased by just point four percent, well behind the national trend. Compared to June 2021, active inventory increased in forty of the fifty largest U.S. metros, led by Austin, Texas (+one hundred forty four point five percent), Phoenix (+one hundred and thirteen point two percent) and Raleigh, N.C. (+one hundred and eleven point seven percent).

 “While we anticipate that more inventory will eventually cool the feverish pace of competition, the typical buyer has yet to see meaningful relief from quickly selling homes and record high asking prices,” Danielle Hale, chief economist for Realtor.com, said in a news release.

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First Time Home Buying in Massachusetts

MABA Buyer Agents help first time home buyers reduce the stress and frustration normally associated with buying a home or condo – especially for first time home buyers.

As a first time homebuyer in Massachusetts, you can turn to our non-profit organization to help you understand and navigate the complexities of the entire Massachusetts real estate transaction, from mortgage pre-approval until you are handed the keys to your new home or condominium. Each of our member buyer's brokers and agents works only for their buyer-clients and never for the seller of the home or condo that their buyers want to buy.

MABA Buyer Agents will take the time to learn about you and your real estate goals, help you understand your options, including first time home buyer programs, properties and/or condominium associations, estimate real property values and put together a negotiating strategy to help you increase the odds of getting your offer accepted in our competitive Massachusetts real estate market. After advocating to get your offer accepted, your MABA buyer's agent will be there for you at your home inspection and help you protect your deposit through the inspection, purchase & sale and financing contingency periods.

You can buy your first home or condo with confidence knowing that your MABA buyer agent is committed to saving you time and money and helping you make your best home buying decision.