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Boston's Spring Housing Market

Boston's Spring housing market tends to be the busiest time of the year for condos and single families, and for good reasons. With the school year ending, and with most leases ending on 5/31 or 8/31 rental cycles in Boston, it is a good time for sellers as well as buyers to make their moves.  Weather gets warmer, streets and homes look beautiful, and the home search can be a fun and enjoyable experience, especially after the Winter months.

For buyers, Spring is a great time to look because that’s when there is the most inventory on the market, and buyers have the most choices (although that can generate more competition with other buyers, higher prices, and potential bidding wars). Often sellers will wait until the Spring to list homes for sale, so this time of year can offer the most variety. Also, buyers can get a better sense of the neighborhoods with more outdoor activities starting in the Spring, and people being out and about in the neighborhood during the warmer days. And of course, homes show much better once plants come out, so you can appreciate the full potential of a property and the neighborhood.

For sellers, listing a home in the Spring is a good time for mostly the same reasons. Homes look much nicer in the spring: grass is coming out, flowers are blooming, and with more daylight available for showings, homes can look bright, cheerful and inviting! More buyers are looking this time of year, so sellers are more likely to get the best price for their property. And buyers who spent time looking over the Winter (when there is less to choose from and weather is not as cooperative) can appreciate the right property when it comes around, and are eager to snatch it up!

 

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