The numbers are in - the housing market in Arlington is booming! The number of homes sold in the third quarter has increased each year for the past three years. In a year to date comparison with 2011, 34 more single family homes (232) have sold this year, 11 more multi-families (30) and the same number of condo/townhouses ( 171).
These home sale stats clearly show a strong Arlington real estate marketplace. In fact, Boston and many of its suburbs have experienced growth markets. But Arlington continues to outpace the majority of marketplaces in the country. Recent news articles are citing that home prices are expected to increase in the coming months, thanks in large part to a growing number of home buyers taking advantage of low interest rates – an incredible 3.25% 30 year fixed rate as of the writing of this blog. Buyers are recognizing that home values have been appreciating and, along with the low rates, have decided that now may be the right time to buy.
As for home sellers, if you have been waiting to sell, fearing your home market values may not be as high as they were in the past... now may be your opportunity. The growing number of buyers in our marketplace wanting to take advantage of the historically low interest rates has created demand for your home and therefore raised your home’s value.
If you have considered selling your home, please contact Century 21 Adams KC at 781.648.6900 for a free home market evaluation. Our agents are dedicated professionals with the skills, knowledge, experience, tools and support to bring you success!
For more detailed Sales Market information in Arlington and surrounding communities... click here.
75 Park Avenue - Arlington MA 02476 - 781.648.6900