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Fall real estate market / news from the trenches

Hard to believe, but the summer is over, moving day / Allston Christmas has passed and the campuses are once again full. Before you know it, the holidays will be upon us — and snow! But before I get your minds reeling with images of parking bans and ice dams, let’s talk about the fall market…

We’re now a few weeks in and are seeing very mixed results. On the one hand, open houses are very well attended — buyers are out there! And multiple offers haven’t gone away — I wrote two offers for buyer clients this week and both had strong competition from other parties. (Happily, they both won in their respective bidding wars!)

On the other hand, from one property to the next, we’re seeing different outcomes, and based on my unofficial research and talking with other agents, it seems that listings in the “starter” price range (under $600) are receiving fewer offers and taking longer to go under agreement. Likely because many of the buyers out there shopping in this range are new to the market, don’t yet have agents, and aren’t quite ready to pull the trigger.

We still have several weeks to go before we hit the holiday slowdown, so remains to be seen if these folks will get more serious in the next few weeks and actually purchase during the fall market…


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