Sunday, November 06, 2005

Sunday Open Houses

Sunday November 6, 2005 - Open House

One key indicator to obtain the pulse on the Boston Housing market is the turnout at Sunday Open Houses. On November 6, 2005, we had 10 people at one open house in Beacon Hill and one of our friendly competitors Phillip Street Realty had 8 at theirs. In addition, other real estate offices throughout the Boston area reported better turnouts then in the past.

One reason for the better turnouts is that more and more sellers are lowering their asking prices which is attracting the buyers to venture out and test the waters. Plus the media is raving about how it's a "buyers market" is actually helping to spur more activity.

Last week Ford Realty received two offers at our Brookline office, two at the Boston Midtown office and one at the Beacon Hill office. This is the most activity we have had in months.

Is this just a fluke? I will keep you posted.


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10:46 AM  
Blogger jeff ryan said...

10:46 AM  

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