Last week I commented on the influx of new property on the market in Brookline. The best news is we haven't seen as much come on this week and we have an incredibly high number of under agreement properties. This week we already see 14 "UAG" condos which is a very nice response to the 21 that were added to the marketplace a week ago. In addition there are 11 properties with price changes and only 9 new listings.
The low number of new listings might be a result of the Easter Holiday weekend, but the high number of under agreements in a week that started with so much financial unrest is an impressive number. Personally, I was involved in a six offer situation on a single property which according to the Boston Globe, shouldn't be happening in this market.
The negative media persists, as we have to assume they will. Median prices are a sign of what happened 1-3 months ago, these numbers are what's happening now.
I am off for Good Friday and Easter, but hope to have more on Monday.
The low number of new listings might be a result of the Easter Holiday weekend, but the high number of under agreements in a week that started with so much financial unrest is an impressive number. Personally, I was involved in a six offer situation on a single property which according to the Boston Globe, shouldn't be happening in this market.
The negative media persists, as we have to assume they will. Median prices are a sign of what happened 1-3 months ago, these numbers are what's happening now.
I am off for Good Friday and Easter, but hope to have more on Monday.
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