With the inventory of homes for sale lower than it has been this century, it is clear that soon there will be bidding war madness!
Waltham, MA (PRWEB) January 28, 2017
Looking back on the 2016 Real Estate market, there was continual growth which exceeded that of 2015 making 2016 the biggest year for overall home sales since 2005.
MA home sales were up 10% and the average prices rose 4%.
The weather in 2015 heavily contributed to the late start that year and is the main reason why 2016 was higher. But, even still, only July and October showed a decrease, so overall the sales grew. The inventory in 2015 started low and 2016 was even lower. The low inventory is a good indicator of prices, which rose by 4%. The market is starting 2017 at record lows, so it is clear that soon there will be bidding war madness.
To read the full report and to see our outlook for 2017, please go to: http://www.lamacchiarealty.com/2016-massachusetts-housing-report/