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Price were up in most places in Middlesex County; overview included. Also, data for Wayland, Sudbury, Maynard, Stow, and Acton.
Wayland: As in most of the towns west of Boston, the Spring housing market iin Wayland is off to a busy start. The number of homes for sale is the lowest it's been in years - only 47 for sale on March 16 compared with 88 last year at the same time - a 45% decline in supply. Check out homes for sale in Wayland at www.marilynmessenger.com.
Overall, there is a 3.2 month supply of single family homes in Wayland right now making this a "sellers' market" while buyers still have an edge in the luxury home market where there is a 8.5 month supply.
Of the 47 on the market, 13 properties already have accepted offers and are staying active for backup offers until contingencies clear.
16 properties have sales pending. There were fewer closed sales in February due to the decline in inventory as the year ended (people who sed papers in February made their buying decisions during December and January). Median sale prices were higher than last year, and time on market dropped to an average of 99 days. (View the slide show for details.)
Low supply is resulting in multiple offers and some homes are selling for over asking price in just a few days. Buyers and sellers in this market need to be prepared and have a solid plan for moving forward. Sellers who are planning to buy need to know where you can go in case your homes sells before you find a new one to buy.
I can navigate you through all of the ins and outs of the buying and/or selling process and make sure you know your options so you can make the decisions that are right for you.