Hot Temps in a Hot Market

I hope everyone is enjoying their summer.  I wish I had more time myself, but mortgage rates are low and houses are moving fast.  Therefore my vacations will be limited to long weekends and later afternoon beach trips.

So how do the numbers look and why are things so busy?

According to both the Warren Group and National Associations of Realtors, the median Massachusetts price for a single family home climbed 2.1% in June 2019 for a median price of $429,000.00.  The surprising number is condo prices rose over 9% to a $420,000 median price.  That means that a once affordable condo, now costs on average the same price of a single family home.  The other misleading number is the median price as this takes into account all of Massachusetts.  Not until recently, the housing market west of 495 was slow compared to the eastern mass belts within 495 and…