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Where is all the Inventory?

Almost every news report about real estate inventory these days makes it seem as if homes are flooding the market and home buyers have prime pickings. Many Boston home buyers are finding it hard to believe that there may be very few homes that fit their search criteria. For example, if you are searching for a 2 (or more) bedroom, 2 (or more) bath in the Back Bay for $800k or less, you have exactly 9 properties to choose from according to MLS. If you need an elevator or in-unit washer/dryer, that number is just about cut in half. How about a 3 (or more) bedroom, 2 (or more) bath condo with garage parking in Cambridge for $800k or less? There are 11 properties currently listed on MLS that fit this criteria, and one has an accepted offer. Depending on what you are looking for, you may need to expand your search to additional neighborhoods. Many would-be sellers are simply remaining in their homes for another year or choosing to lease out their units until Boston sees an upswing in the real estate market. For more information about properties that may fit your needs, contact Bushari Group Real Estate today.

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