"The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, rose 44.3% to 99.6 in May, chronicling the highest month-over-month gain in the index since NAR started this series in January 2001. " Read the full article from the National Association of Realtors®.
It's been an incredibly busy May/June! Our team of Windhill advisors is available for your real estate needs 978-356-8922.
Inventory is at incredible lows in the Northeast real estate market, north of Boston, specifically in Essex County. One town I'm noticing with higher-than-average daily inventory increases is Peabody, Massachusetts. Just today there are 16 new listings, as of 10am!
18 Nancy Avenue, Peabody, MA
22 Walsh Avenue, Peabody, MA
288 Lynn Street, Peabody, [...]
Lawrence Yun, Chief Economist for the National Association of REALTORS® and respected real estate trend commentator to 1.4 million REALTORS® realizes the inevitable economic damage of Covid-19, reports that home prices should remain stable and that our resiliency will pull us through. On the ground, here on the north shore of Boston, we concur. #Resilience has been our mantra throughout the pandemic. The market is seeing pent up demand and low inventory resulting in multiple offers and bidding wars on properties that are priced in the 'sweet spot' with guidance from experienced REALTORS®.
