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Housing MarketThe Newton Brookline housing market is moving in the right direction! The number of transactions are rising. Halleluiah! However, the rise in average sale price is less extreme. Value took a big hit during the housing slump. Today overpriced properties languish with lengthy market times. Buyers continue to face borrowing challenges and blocks. Anxiety runs high to those with an ear to the national news. Foreclosures and short sales continue to impact market value.

But still, the Boston housing market is unusual. Properties listing at the right price point will draw lots of excitement. A seasoned real estate professional will run a market analysis as a tool for home sellers in determining their property’s best market price. While a property is active, he or she will continue to advise the home owner by watch the changing market. With the guidance of a well referred Realtor®, you will feel confident moving forward in a changing market.

The Newton Brookline housing market is moving in the right direction! The number of transactions are rising. Halleluiah! But the number of sales do not tell the whole story.

Average sales prices are up, but not as steeply as sales volume. Prices are not yet back up to their peak before the slump.  That means there is opportunity for buyers, because the market is not yet overheated. Correct pricing is always key. Overpriced properties languish for a long time on the market. Foreclosures and short sales continue to impact market value.

But overall, properly priced properties are still in demand drawing ready buyers. If anything, the upswing in the local market is dampened by the overall uncertainty and negative reports in the national financial news. The anxiety about the larger financial health of the country means that buyers still face strict borrowing guidelines and limits when applying for mortgage financing.

A seasoned real estate professional will run a market analysis to help home sellers determine their property’s best market price. A very good agent will continue to monitor the market for changes throughout the listing, advising the sellers how to keep their property competitive.

With the guidance of a well referred Realtor®, you will feel confident moving forward in a changing market.