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Greater Boston Market Trends

As we look to the Fall Real Estate Market, our local market continues to thrive. The Robin Allen Group remains committed to delivering their well-recognized concierge level of service to each of their clients.

In Newton, inventory of single-family homes is still down almost 34% compared to last year. Brookline inventory is down as well, 7% for single family homes while the median sale price is up an impressive 23% compared to last year. The luxury real estate market has seen 24 homes go under agreement in the past 2 months in Brookline and Newton for over $2million. The average list price being $3,637,438. The momentum is not slowing down either as there are more buyers still looking and there are still low interest rates.

“Since their peak at 3.18% in April, mortgage rates have declined by thirty basis points,” said Sam Khater, Freddie Mac’s chief economist. “While this decline is not large, it provides modest relief to borrowers who are purchasing in a market with strong home appreciation and scant inventory.”

The number of homes on the market have ticked up over the past few weeks, with listings up 5% last week as more sellers took advantage of record-high prices, according to Realtor.com. If you or someone you know are hoping to buy or sell a home this year, now is the time to start planning!

If you are looking to sell your home this year, now is the time to start to prepare for a promising Fall Market. Inventory is extremely low. There are more buyers than there are listings.

If you are looking to buy, working with an experienced local agent is key in this extremely competitive market. Our knowledge of the local market paired with the portfolio of products available to us through William Raveis, will give you the competitive edge when searching for your ideal home.

 

About US

Meet Robin Allen #1 Producing Agent and Luxury Properties Specialist in the Brookline/Chestnut Hill office of William Raveis Real Estate. With over 20 years of experience in the industry, she has developed a keen understanding and in-depth knowledge of the local real estate market and trends, making her one of the most sought after agents to work with in Brookline and Newton.

Testimonials

Robin is a fantastic agent. She accompanied us every step of the way until we found our dream home. Throughout this process, in a very competitive market, she remained always supportive, encouraging, while also helping...

- Sarah, Chestnut Hill

If you are looking for an agent who knows practically everyone, who has extensive knowledge of the area and who listens well and then shows you homes that meet your needs, then Robin is the...

- Alok, Chestnut Hill

"Robin was fantastic and able to find us our first house which we absolutely love! In a competitive market, she was able to find us the best properties the moment they came to market, which...

- Adam Newton

"Robin is very knowledgeable and responsible in guiding us to buy our first house. She always keeps in great touch with seller agent, and communicates every house detail we'd like to learn more. With Robin's...

- Zhe, Sharron

"Robin sold my condo over the weekend! She is extremely knowledgeable about the real estate market in Brookline. She guided me through the process with a graceful and easy manner, but she is very focused....

- Deborah, Brookline

"Robin is extremely professional, and her advice is based on years of experience and substantiated by factual information and examples. No question is too small or a bother. She knows the entire market! We have...

- Theresa, Newton

"When we decided to sell our family home, we looked for the agent that has local knowledge for our type of house. After interviewing several local agents, we felt that Robin and Sheri Flagler were...

- Sean, Brookline

"Robin is a straight shooter and always gave us a fair and honest assessment on how to best sell our house. She always was willing to listen to my input and taking my input into...

- Peter, Chestnut Hill

"Robin has been a wonderful agent for us. She was always highly professional, thoughtful, energetic and reliable. She helped us sell three properties.   All of them were sold above asking price."...

- Uvon, Chestnut Hill

"Robin Allen was our RE agent in 2016, when we purchased our first home in Newton, MA. In a competitive market, we went through a lot in order to get this house. Robin expertly helped...

- Laura, Auburndale
Contact Me
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191 Grove Street,
Chestnut Hill, MA 02467