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A bright spot for buyers

Posted by Scott Van Voorhis April 25, 2014 09:11 AM

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It's been one tough spring for buyers.

Home prices just keep on rising, with bidding wars for a limited pool of half-decent, reasonably priced homes.

The competition is especially fierce in Cambridge and the inner suburbs, where middle class families with solid finances but not huge amounts of cash are getting boxed out.

But there are growing signs that more homeowners are finally deciding to take the plunge and put their homes on the market, potentially the first move in reversing a new many years long trend of shrinking inventory.

The number of new single-family homes hitting the market in March rose by 12 percent over the same period last year, the Massachusetts Association of Realtors reports.

More than 7,100 homes hit the market in March, compared to 6,347 in March of 2013.

For the sake of all the weary and outbid buyers out there, here's hoping this trend continues.


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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