Key Prime Realty

***Massachusetts Association of Realtors (MAR) housing report for November 2024*** (www.keyprimerealty.com 📞781 790 4440) If you are in the market or just interested in tracking the market – I hope you find this summary helpful. For a more detailed report go here - https://lnkd.in/gdhrUTrP #MARHousingReport #MassachusettsRealEstate #HousingMarketUpdate #RealEstateTrends #MarketSummary #KeyPrimeRealty #MAHousing #HomeBuying #RealEstateNews #HousingReport #MassachusettsHomes #RealEstateMarket #MarketWatch #MARealtors

Housing Inventory - “The Tale of 2 Cities “: We (www.keyprimerealty.com 📞781 790 4440) follow housing data very closely and thought of bringing an interesting article to market enthusiasts or those who are active in the market now. I've included an interesting Realtor.com data extract from ResiClub. While the entire country suffered from an inventory glut in 2021 w.r.t pre-pandemic levels, it is no longer the case now. See below - a good chunk of the country has better inventory than Nov 2019! Northeast still suffers from a significant lack which explains why most homes go to bidding wars still. We placed 25 offers in the last 1 month and made 4 to get through! Despite population additions, the areas with a supply boom should curb the price increases. Hope this comes to the Northeast so that the buyers can get the much-needed relief. #KeyPrimeRealty #HousingInventory #MarketEnthusiasts #RealtorDotCom #ResiClub #BetterInventory #November2019 #NortheastHousingMarket #BiddingWars #25Offers #CompetitiveMarket #SupplyBoom #PriceIncreases #ReliefForBuyers #RealEstateMarket #HousingTrends

***November 2024 - Producer Price Index - Residential Construction*** We (www.keyprimerealty.com 📞781 790 4440) work with several new construction buyers/sellers. Producer Price Index (PPI) published recently by US DOL - BLS, shows the prices of inputs to residential construction haven’t changed much Month over Month. YoY, there is a good reduction in some highly weighted items that go into new home build such as Softwood Lumber. We pulled some charts from FRED Economic Data. These are eye-opening examples of how construction materials have gone up since January 2020. The Inflation / Supply Chain disruptions have taken a toll on the overall cost of materials that go into new home construction. There are some significant increases in costs. Despite all this, the home builder’s confidence index is so high as the margins are pretty good as they have excellent pricing power considering the home price appreciation during this period due to the supply gut. Thought this is useful for those who might be interested in buying new constriction or better yet if someone wants to build their own home!! #RealEstateInsights #NewConstructionHomes #RealEstateTrends #KeyPrimeRealty #ProducerPriceIndex #ResidentialConstruction #EconomicTrends #ConstructionMaterials #HomeBuilderConfidence #BuildYourDreamHome #NewHomeConstruction #MarketUpdate #RealEstateInvesting #HomeBuyingTips #BostonRealEstate.

***CPI Print on 11/12/2024 – Shelter is Hot But Moderating *** Our (www.keyprimerealty.com 📞781 790 4440) read on a recent CPI report and its relevance to Housing: Shelter costs rose 0.3% Month Over Month and 4.7% Year Over Year. This weighs heavily in the core CPI which is at 2.7% for the last 12-month period. This is above the Fed’s target of 2% but trending in the right direction. The Shelter portion of CPI is a lagging indicator. Rents which are a major part don't turn until they renew which is typical at yearly intervals. With a huge apartment supply coming online, the rents shall stabilize and, in some markets, even show some decreases which should help future CPI prints. The other parts of the Shelter may still be hot such as owner-equivalent Rent & Hotels. The larger consensus is that the rate cuts are imminent, and the housing sector must benefit from it. We all look forward to better days in the housing market 🙂 #CPIPrint #ShelterCosts #HousingMarket #CoreCPI #RentTrends #FedTarget #InflationUpdate #HousingSector #ApartmentSupply #RentStabilization #RateCuts #OwnerEquivalentRent #Hotels #CPIReport #HousingRelief #RealEstateTrends #FutureCPI #HousingOutlook #BetterDaysAhead

🏡Town Specific Housing Reports 🏡 In this set of quick and insightful Videos, We (www.keyprimerealty.com 📞781 790 4440) are diving deep into the Real Estate Market Trends for November 2024 from a handful of towns in Greater Boston. 📧Contact Us: For personalized advice, inquiries, or collaboration opportunities, reach out to us at Contact no. 781-790-440 Email ID - [email protected] Whether you're a potential homebuyer, seller, or real estate enthusiast, this bite-sized video is packed with the latest data and crucial insights to empower your property decisions. 📊What's Inside: 📈 Market Overview: Get a snapshot of the current real estate landscape. 💰Pricing Trends: Uncover pricing patterns and fluctuations. 📉Market Challenges: Stay informed about potential obstacles and how to navigate them. 🔗Connect with Key Prime Realty!: Subscribe for more real estate insights, market updates, and property tips! Don't miss out on future videos that can help you make the best choices for your real estate journey. 👍Like, share, and hit the notification bell to stay updated on the latest trends in Real Estate! Your journey to successful property ventures begins here. Acton : https://lnkd.in/gbsmExgX Westborough : https://lnkd.in/gV55vCSb Boston : https://lnkd.in/gB3Pw4MM Shrewsbury : https://lnkd.in/gm4HJdSG Westford : https://lnkd.in/gs4TpiTC Grafton : https://lnkd.in/gZAMYYN5 Hopkinton : https://lnkd.in/gPHenRdg Burlington : https://lnkd.in/g_xHPyFr Lexington : https://lnkd.in/gec5CVCv Boxborough : https://lnkd.in/g44giR3d Ashland : https://lnkd.in/gDHuuQP2 Natick : https://lnkd.in/gS-F-jNu Norwood : https://lnkd.in/g4vGSyTk Quincy : https://lnkd.in/gVcetuJ2 Sharon : https://lnkd.in/g5Pndedu Sudbury : https://lnkd.in/gtWJHUdZ Walpole : https://lnkd.in/gnxQQctr Westwood : https://lnkd.in/gxvU3GEt

*** Inventory Drop (5039 last year November to 4339 this November) *** We ([www.keyprimerealty.com] 781 790 4440) download our MA MLS data and analyze it to see the trends. Last Month was not great news which defied the national trend- proof that real estate is so local. We saw a drop in the new listing count when compared to last year's same month. This is in contrast to all year long which saw and reported an inventory bump. Hope this is just a wait-and-watch strategy by potential sellers in anticipation of fast fast-changing lending environment due to Fed decisions and bond markets. Hopefully, this reverses and good news for buyers is the improvement in affordability. Look out for our December inventory post to see if the trend reverses! #RealEstateTrends #InventoryDrop #HousingMarket2024 #LocalRealEstate #MARealEstate #RealEstateAnalysis #MLSData #RealEstateUpdate #MarketTrends #FedDecisions #HousingAffordability #InterestRates #RealEstateNews #SellerStrategy #BuyerOpportunities #RealEstateInsights #BondMarkets #MarketWatch #HomeBuyers #RealEstateForecast #HousingSupply #DecemberForecast

****Just Listed***** We (www.keyprimerealty.com 📞781 790 4440) have just listed a 2023 built move-in-ready smart home that offers the perfect blend of modern luxury and comfort. Check it out and make it to our open house!! List Site: https://shorturl.at/wr57Y Virtual Tour: https://lnkd.in/gQWk5ki8 Open House - Dec. 7, 2024, (Saturday) 12:00 PM - 02:00 PM | - Dec. 8, 2024, (Sunday) 01:00 PM - 03:00 PM. Message for any private showings outside this window. Happy to Accommodate all showing requests. #NewListing,#DreamHome,#HomeForSale,#HouseHunting,#LuxuryRealEstate,#RealEstateGoals,#MoveInReady,#SterlingMA,#GreaterBostonRealEstate,#MassachusettsHomes,#CentralMAHomes,#ModernLiving,#NewConstruction,#MoveInCondition,#SpaciousLiving,#NatureNearby,#FirstTimeBuyer,#EmptyNesters,#FamilyFriendlyHome,#DownsizingDream,#RealtorLife,#RealEstateExpert,#KeyPrimeRealty

Happy Thanksgiving Day !!

***Under Contract Sales*** Congrats to our (www.keyprimerealty.com 📞781 790 4440 ) clients who put these homes under contract. With a one-month or less supply of homes in most towns, getting these past the initial stages of the sale process was a challenging ordeal. Our clients went above and beyond and so is the agent working for them. Interview us to see what we can do for you! #UnderContract #RealEstate #HomeBuyers #JustSold #RealtorLife #MassachusettsHomes #BostonRealEstate #DreamHome #ClientSuccess #HappyClients #KeyPrimeRealty #investmentproperty #investmentopportunity

***Closed Recently*** Congrats to our (www.keyprimerealty.com 📞781 790 4440) buyers who got to close these properties in the past couple of weeks. Tight inventory. Common Multi-Offer situations. Bidding Wars. Sale to List is above 100% in most towns. High Interest Rates. Yet the buyers made it to the finish line. Despite a proven track record, we are always looking forward to working for that one NEXT client. If not for you, refer someone looking to hire a realtor. Just have them interview us for the JOB!! #ClosedDeals #HomeBuyingSuccess #RealEstateWins #JustClosed #BiddingWars #MultiOfferSituation #RealEstateMarket #HomeBuyingJourney #TightInventory #RealEstateGoals #HomeSellers #RealEstateAgents #HighInterestRates #PropertyClosing #RealEstateReferral #NextClient #RealtorLife #RealEstateExpert #HomeBuyersGuide #MarketTrends #RealEstateUpdates #KeyPrimeRealty #ClosingDay #RealEstateSuccess