Walpole Has a Shortage of Homes for Sale

Walpole Has a Shortage of Homes for Sale

Not Enough Homes for Sale in Walpole MA

Overall there are not enough homes for sale currently in Walpole. The market is amazing position to benefit home sellers in Walpole this Spring. The low interest rates combined with the historic shortage of homes for sale and coming of agent for millions of millennials into their thirties (prime age for family creation and settling down) offers an amazing opportunity for home seller's in the area.

In many instances, we are experiencing multiple offer situations and many homes being sold "as is".

It's a great time to be a seller. The excerpt below from the Greater Boston Real Estate Board illustrates some of the sentiment I have about Walpole Real Estate. Should you want to know how much cash is tied up in your Walpole home, check out www.YourEquityFinder.com

Download the full Walpole Homes for Sale Report Here

From GBAR "There is one factor that could dampen buyer enthusiasm however, and that’s a shortage of listings, according to Gell. To illustrate the point, last month active listings of single-family homes fell 32.1 percent from 2,178 homes for sale in January 2019 to 1,478 on market this January. Meanwhile, the condo market experienced a 19.1 percent decline in active listings, dropping from 1,975 units for sale last January to 1,598 in January 2020. These numbers reflect just a two-month supply of available inventory for sale in Greater Boston, as compared to a healthy balanced market which contains 6-7 months of supply of listings for sale.

“There is a tremendous need for more inventory as we head into the peak home buying months,” said Gell. “With inventory so low, today’s buyers are often competing against many others for a limited supply of properties on the market, and that’s putting a lot of upward pressure on prices. This is a great time for anyone thinking about selling to do so and reap the benefits of the escalation in home values in the last several years.”

Michael Mahoney
Century 21 American Properties
246 Main Street
Walpole, MA 02081
617-615-9436
www.RealtorMikeMahoney.com