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More sellers getting into game?

Posted by Scott Van Voorhis April 23, 2012 07:06 AM

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More homes are getting snapped amid the best spring market since the Great Recession. And sellers in Boston's western suburbs are jumping back into the market after staying clear for years.

That's what Redfin's Boston team recently found when it tallied the inventory of homes for sale this spring in Middlesex County.

The number of listings in the county, which straddles some of the wealthiest burbs in the country, is up 30 percent over last March.

Of course, the upsurge in sales, which rose more than 26 percent in February, is what has revived hope among sellers depressed after years of a dead or declining market.

Prices have yet to recover and are still lagging - and won't until the recovery in sales gains more momentum.

So far, that appears to be happening, but it's a work in progress.

We should get the latest snapshot of sales, in both the western suburbs and across Greater Boston, when the March numbers come out tomorrow.

The Massachusetts Associations of Realtors is set to release its sales stats, with The Warren Group, publisher of Banker & Tradesman, typically coming out with its numbers the same day as well.

In what could be a preview, RE/MAX of New England reported last week that its March sales were up 14.3 percent in Massachusetts.

Sellers, if you have put your home on the market or are just thinking of doing so, share your story here.

Or simply email me at sbvanvoorhis@hotmail.com.


This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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