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Sales / Market Trends in Brookline, MA

Understanding current market trends can give you a significant advantage in your home-buying journey. Brookline, MA, has a dynamic real estate market with trends that fluctuate based on various factors. With any dynamic market, these factors can and will change. As of July 2024, the market is generally characterized by:

  • High Demand and Low Inventory: Brookline remains a sought-after area, resulting in a competitive market. Low inventory means homes sell quickly, often above asking price.
  • Rising Home Prices: The average home price in Brookline has been steadily increasing due to high demand. It’s crucial to act swiftly when you find a property that meets your needs.
  • Interest Rates: Keep an eye on current mortgage rates, as they can impact your buying power. Lower rates can make homes more affordable, while higher rates may increase your monthly payments.
  • Seasonal Variations: The real estate market can fluctuate with the seasons. Spring and into the Summer months typically sees the most listings and buyers resulting in higher competition. The “dog days of Summer” are generally considered the off-peak season for listings and activity picks back up post-Labor Day. The Fall market begins early September and will generally last through November until the holiday season arrives. The Spring market picks back up the following February.

    *While buyers may find better deals in the summer and off-season they will generally have less to choose from. Sellers have their best chances of getting their highest and best price for their property in the Spring market.