Fueled by a powerful combination of historically-low fixed mortgage rates, an $8,000 tax credit, and affordable prices, sales of existing homes in the Northeast jumped by nearly 16 percent last month, according to the National Association of Realtors.

Here in Arlington the Spring real estate market is in full swing, but our housing inventory is the lowest it’s been in years! When you review the chart below, you will also note that the average priced home in Arlington is higher than it was a year ago, and the days-on-market is lower.

Buyers are coming out in droves to see Arlington listings and it is not uncommon to have multiple offers on well-priced homes. In fact, Arlington listings are being scooped up faster than they are being replenished.

If you are surprised by this data (as many are) and would like a BOWES consultant to provide a free analysis of what your home may be worth, please call us at 781-648-3500.