Wednesday, April 25, 2007

More Good Real Estate News for the South Shore of Boston

In a feature article on the Business page of last night's Patriot Ledger, Steve Adams says "The South Shore may have some of the state's best bargains for house hunters this spring"....."In a sign that the real estate downturn may be approaching its nadir, however, sales activity rebounded in the first quarter statewide."

Using data releaed by the Massachusetts Association of Realtors, the median price of a single family home in the region fell 4.3 percent from a year ago compared with 1.1 percent, statewise.

“The housing market in Massachusetts is gaining momentum and we can continue to feel good about where it is headed,” said MAR President Doug Azarian, broker/owner of Century21 Dream Homes in Falmouth. “With prices remaining stable and supplies decreasing, we can expect the spring home buying season to be active.”

So what does it mean for buyers and sellers? Good news for Sellers: Buyers are out there, and they're really looking to buy! Good news for Buyers: Sellers have repriced and the prices are near bottom with good interest rates still there!

If Buyers and Sellers can get past the gloomy news that had been prevalent for some months, they can make the deal that will satisfy both.

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