Arlington MA: Real Estate Market Update - 2023 Year In Review
A summary of Arlington Real Estate Market activity and insights for the past year:
As we bid farewell to 2023 and welcome a new year, it's time to take a deep dive into the real estate market in Arlington. I'm David Lenoir, your go-to real estate expert in the Greater Boston Area, and I'm here to provide you with an insightful update on the trends and changes in the Arlington real estate market.
The Arlington real estate market has experienced various shifts in 2023, with changes in inventory, pricing, and days on the market. Single-family homes have seen an increase in listings but a decrease in units sold. Condominiums, on the other hand, have faced a reduction in both listing inventory and units sold. Multi-family homes have seen a decrease in listing inventory but an increase in units sold.
Industry experts express optimism for home buyers entering 2024 due to a more favorable market condition following the autumn rise in mortgage rates. that the supply of homes for sale will increase as mortgage rates ease. More buyers and sellers are expected to become active in the market, leading to more listings, especially in 2024 when rates are anticipated to be around 6.5%.
As we move forward into 2024, it's crucial to monitor these trends closely. If you have any questions or are considering buying or selling in Arlington, feel free to reach out. I'm here to guide you through the dynamic real estate landscape in the Greater Boston Area.
Stay tuned for more updates, and here's to a successful and prosperous year!
Curious about the Arlington, MA real estate scene? Our 2023 Year in Review Market update offers insights on Single Family Homes, Condominiums and Multi-Family Homes.
Interested? Stay informed, whether you're buying, selling, or just browsing.
Click below for a more detailed Arlington Real Estate Market activity and insights for the past year:
If you're looking for an expert to help guide you through all this, please contact me and I can help you! Call me at 781-734-7098.
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