According to the BostonHerald, pending home sales rose again in January (compared to the same month a year earlier), which marked the 21st straight month in which pending sales rose. Citing numbers gathered by the Massachusetts Association of Realtors, the article stated that the number of homes under agreement increased 18%, while the number of condos under agreement increased by 22%.
An increase in the number of pending sales for single family homes and condominiums is another sign that the housing market is continuing to gain stability and strength. The fact that more and more people are continually agreeing to buy homes and condos shows that they feel the market is strong enough to invest in, which in turn makes the market stronger.
There have been plenty of encouraging signs over the last few months that the housing market is on its way back. If you’ve been wary about buying a new Boston home because you’re uncertain about the strength of the market, it’s completely understandable, but this news should be encouraging to you.
If you think you’re reading to start looking for a home or condo to buy in the Boston area, start looking at listings and get in touch with a real estate agent. Local real estate website www.BostonPads.com has a huge selection of Boston home listings, and can easily put you in touch with a qualified real estate agent. If you’re ready to take the next step towards a new home, visit their site today.