Update on the Boston real estate market.

Today, I 'll provide you with an update on the Boston real estate market. Overall the Boston condo market is still soft but there are signs of improvement. One area of improvement is that the Boston condo inventory is at 2,550 properties which is less then we have had in previous months which was over 3,500 listings which is based on LINK Boston real estate multi-listing service.

Sunday open houses are seeing more activity in the last few months which is also a positive sign. Yesterday, we had about 10 people show up at one of our Sunday Open Houses and most of the potential buyers were planning on buying in the next few months.
Our Ford Realty website has recorded more users viewing real estate listings for sale this year then last year.

The Ford Realty Brookline office has seen about a 10% increase from last year in sales and the Brookline market overall has reported up to 30% increase in sales.

Another positive sign is that the asking price to selling price is still over 95% in Boston however, certain areas are softer then others. One cloud still lingering over the market is the prime mortgage fiasco that is still being felt in the less affluent areas of Boston.
Our prediction is that there will be some improvement is the market but overall we still see the market being soft for the remainder of the year.

To learn more about the boston real estate market visit our website at www.fordrealty.net
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