There is a severe shortage of homes for sale in Newton, with inventory down 35% from last year and at a ten year low for the spring market. Sellers are finding success with open houses attracting 50+ people and bidding wars for their homes, while buyers are frustrated at losing properties that sell within hours or losing bidding wars due to ineffective strategies. The broker of RE/MAX Leading Edge attributes this to three years of pent-up demand and low interest rates giving buyers confidence to purchase, as Newton offers access to Boston and good schools.

1. RE/MAXLEADING EDGE
MONTHLY HOUSING REPORT MAY 2013
HOMES FOR SALE BY QUARTER 35% LESS
Homes for Sale in
2013 vs. 2012!
NEWTON HOUSING INVENTORY SHORTAGE!
TEN YEAR LOW IN AVAILABLE HOMES FOR ‘SPRING MARKET’
SELLERS: Equipped with the proper game plan, sellers are finding success they haven’t enjoying in several
years. Many who tried to sell last winter are now finding their homes with open house attendance of 50+
people and beneficiaries of frenzied bidding wars.
BUYERS: Newton home buyers find themselves frustrated in losing out on properties that sell within hours of
being listed on the MLS or falling victim to ineffective strategy on winning bidding wars.
Broker/Owner of RE/MAX Leading Edge, Paul Mydelski, explains, “Newton not only offers easy access to
Boston but also boasts one of the finer school districts in the Commonwealth. Three years of ‘pent-up’
demand and historically low interest rates has given buyers the confidence to boldly move forward at this
time.”