It has been busy here in the Winchester, MA real estate market. A quick check of the MLS data shows 23 single family homes have gone under agreement since the first of the year. Compare this with 13 under agreements for the same time period in 2009. Almost all of that increase has come in the past month - 17 in Feb. 2010 versus 6 in Feb. 2009. The spring market is here folks!
We've had some great new homes come on the market in town this week, and if recent activity continues, some of them may get snatched up quickly. We had one of our listing receive 6 offers at the first open house! There are lots of buyers out there ready to make an offer on the right house. Looking for something in the $500K-$600K range? Sorry, but they're all gone. Thinking of selling your house? Now might be the perfect time. With a low inventory in most price ranges, any new listings will get a flurry of activity and serious buyers know that they have to act fast.
Don't forget that there are less than 60 days left to have a signed contract to take advantage of the Federal Homebuyer Tax Credit. The deal must close by June 30th, but that P&S needs to be signed by April 30th. Click here for more information.
For answers to any real estate questions, please send an email or go to my website.
Thanks,
Rachel
Wednesday, March 3, 2010
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