Alexandra Rowe, Realtor, RE/MAX Executive Realty

09/12/2023

So cool! I wish they would turn this into an air BNB or a museum. What do you think?

It's a big house. Why, there may even be enough room to let your cousin Oliver stay over.

06/17/2023

This report is specifically for single-family houses 🏠 in our local market. The year over year comparison for the amount of homes sold in May went down 29.9%. This is now the 16th consecutive month of year over year decreases. Most of these monthly decreases have been over 20%, the impact of which has been significant.

The amount of “days to offer” (DTO) in May was low at 15 days, but is still a 50.0% increase from May 2022. The DTO time frame still remains low and reflects current buyer demand vs low inventory. Homes that are priced to the market are still selling quickly.

The sale price to original price ratio is 104, a 4.6% decrease. Highly competitive, multiple offer situations are still commonplace, especially when a home is priced correctly.

The median price of a single-family home increased 4.0% to $650,000.

Average selling price is up 5.3%, like the Median Price this increase is substantial. For homes sold in May, the average sales price was $726,082.

Based on these trends, SF home sales may continue to decrease over the next 6 months. Prices are likely to increase moderately in year over year comparisons. The number of days to offer should remain very low, and the “sale price:original list price” ratio is expected to stay over 100 for houses priced to the market.

05/23/2023

🏠 Listing inventory is an important data point to watch in the real estate market, as it represents the supply of the “supply and demand” equation. Listing inventory refers to the total of properties available for sale. Also important is knowing how many new listings come on the market, and how many listings went under agreement.

This past week, single family inventory increased 27.5% to 185 active listings . There were 97 new single family listings and 57 went under agreement.

🌻 The month of May is typically a time when there is an influx of new inventory coming to market each week. Buyer activity is historically strong in May, and the number of listings that go under agreement is usually significant as well. The total listing inventory number increases if there are more new listings coming on the market than listings that go under agreement.

Looking back at the seven-year data for the week for mid-May, inventory increased each year except in 2019 during the early stay at home phase of COVID. This graph is a representation of the seven-year trend of new to market inventory and inventory that went under agreement from May 15 to May 22. A greater distance between the lines on the graph indicates a greater increase in inventory. The market continues to have low inventory overall.

Typically there is a slight increase in inventory during May, that then continues into the early summer months, decreasing toward the end of summer and into the fall. We expect the same trend this year, however the increase in inventory is expected to be minimal.

This is up to date, local data to our marketplace, not national, but what is happening right here in our communities.

05/09/2023

🏠 Real Estate Market Update for May 8, 2023

The real estate market remains consistent during the Spring season. Despite the perception that it favors buyers due to the low and declining number of home sales each month, the data suggests that it is still a seller's market.

It's important to note that real estate is not only influenced by general market conditions but also by local factors. The data provided pertains specifically to single-family homes in our local market and may not align with national-level reports, as different regions are currently experiencing varying market conditions.

When comparing April's home sales to the same period last year, there was a significant decrease of 22.8%. This decline marks the 15th consecutive month of year-over-year decreases in home sales.

The "Days to Offer" metric, which measures the number of days it takes for a home to receive an offer, was impressively low at 16 days. However, this represents an increase of five days from 2022, indicating a 45.6% rise. When compared to March, where the average was 28 days, the current 16-day average reflects the strong demand from buyers and limited inventory. It also suggests that homes priced appropriately for the market are selling swiftly.

The "Sale Price to Original Price Ratio" stands at 103, denoting a 4.6% year over year decrease. This figure indicates that, on average, homes are selling above their original listing price. Multiple-offer situations remain common, particularly for homes priced competitively.

In a year-over-year comparison, the median price of a single-family home has risen by 7.6%. This increase is significant, but it is important to note that such a high monthly growth rate is not sustainable. In April, the median price for a single-family home reached $645,500. Similarly, the average sale price has seen a notable increase of 6.3%. In April, the average sale price stood at $685,129.

Examining the year-over-year trends is one method of monitoring the market and understanding its patterns. Based on these trends, home sales are expected to continue decreasing in year-over-year comparisons, although the magnitude of the decreases will likely diminish over the next few months.

While the median and average prices experienced substantial growth in April, prices are anticipated to increase modestly in year-over-year comparisons in the coming months. Given the absence of significant indications that inventory will increase, the low "Days to Offer" figure is expected to persist, and the "Sale Price to Original List Price Ratio" will continue to exceed 100 for homes priced competitively with the market.

03/20/2023

So cool! This is giving me ideas for my NH properties, a great idea to maximize ROI on a vacation rental property! I will be getting my NH real estate license soon so if you are considering a vacation property in MA or NH, consider renting it out for extra income when you are not using it. I have several vacation rental properties and lots of experience in this area and would love to help you get something that works.

It took him six months, but with the promise of a rent-seeking mini-retirement, he managed it all by himself.

02/17/2023

A nice achievement to start of the year 😀🏆💃

02/14/2023

02/01/2023

This is pretty cool 😎

With extra insulation and lots of sun, a passive house in the town of Hope is able to maintain an indoor temperature of around 70 degrees without the use of a furnace.

01/28/2023

My listing I just sold for $1,075,000 at 52 Hollingsworth Rd Milton MA

10/12/2022

😲 Amazing! Check out this multi-story 🏠 3d printed house 🤯

Construction 3D printing is gaining new heights in Texas, as printing begins on the first multistory printed structure in the United States.