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Is The Worst Over For The Massachusetts Housing Market?

Posted by: Mike Lydon

16 April 2007 - 7:08am

Market research shows that though buyers still have an advantage, the Massachusetts housing market will shows signs of stability over the next six to twelve months.

"What kind of shape will the Massachusetts housing market be in this year? It depends.

If you're selling a home, it's not great, but not awful, either. Expect a still-slowish market for a time, though not as dreadful as 2006, which posted the fewest home sales in a decade, and a nearly 6 percent drop in prices. Don't expect prices to bounce back much this year, though one silver lining is they probably won't fall anymore, either.

But if you're shopping for a house, 2007 looks pretty good -- so far. You have many houses to choose from, and the upper hand in negotiations. One risk: other buyers are also more active, so moving too slowly may mean missing out on good opportunities."

Full Story: Market signs suggest worts is over; sales gaining steam
Source: The Boston Globe, April 15, 2007
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