April Local Market Update

A Note from Amy

Welcome to the April 2023 edition of the
Amy Balewicz Homes market report!

As we move into the spring season, the local real estate market continues to show signs of growth and opportunity. To celebrate the season, we are offering special spring discounts from our local business partners exclusively for our email subscribers! Please subscribe to our newsletter if you have not already and we will share these discounts.

The first quarter of the year has been slower compared to recent years due to a shortage of inventory, even though buyer demand remains high. This decline in sales has not affected the stability of home sale prices in the region; in fact, some markets have seen a slight increase in sales prices due to the persistent buyer demand.

Inventory levels have started to increase in the past few weeks as homeowners try to take advantage of the high demand and the shortage in inventory. Nonetheless, it is crucial for sellers to avoid overpricing their homes as a high-priced property may not attract as many buyers as before, especially with interest rates no longer at all-time lows.

Below are the market statistics for a few of the towns we serve, which are generally in line with the trends we're observing throughout the metro-west area. It's important to note that the low number of homes sold thus far this year may skew the sale prices and days on market figures because these statistics are based on homes that were listed and sold in December and January, and therefore may not accurately reflect what has been occurring for homes listed and sold in the more recent months.

As always, Amy Balewicz Homes wants to be your first resource for all things real estate! If you have any questions about the local real estate market please reach out.

Engaging with our community and fostering new connections is extremely important to us. We are always happy to help you or anyone you know!

~Amy

Who doesn't LOVE giveaways? We are so grateful for our clients, trusted service providers, and community and we want to give back! We are giving away a $50.00 Gift Card to Ferjulian's Farm, in Hudson, MA. Our winner will be announced on our Facebook page on April 30th. Thank you for your continued support and referrals.

Curious what your home is worth? We'd be happy to complete a FREE home valuation! Just fill out the form and we will contact you to schedule an appointment.

Local Market Stats