Take this for all and all, but brokers say that attendance is way up at open houses around the Hub. The mild weather, the low interest rates, the inventory—it all has meant more prospective buyers out and about, kicking the tires, taking in the TVs above the mantels. And the recent sales numbers seem to bear out this anecdotal evidence:
In Boston the past month has seen 505 single-family homes and condos go under contract, compared to 364 during the same period last year—a 28 percent increase. Throughout Massachusetts, 5,388 single-family homes and condos went under contract in the past month, compared to 4,165 during the same period last year—a 23 percent increase. That's per Jennifer Athas, herself a broker, writing in The Herald. Now back to the anecdotes:
“Earlier in the month, we had the grand opening of Bartlett Square, a 13-unit new construction project, priced in the $300,000 to $600,000 across from the Green Street T station and had over 160 parties come through,” [Paul Melanson of Coldwell Banker Residential] said. “Another open house at 10 Greenley Place, Unit 3, a two-bedroom for $325,000 had 28 parties. We are seeing this type of activity across all price points and buyers are making offers.” Are they? What say you?
· Traffic at Open Houses Like Rush Hour [Herald]