It’s been a long year and you’re finally ready to buy a home in Massachusetts. Buckle up.
Welcome to a 2021 housing market that’s not just hot — it’s on fire. A lack of supply and surging demand from buyers with more purchasing power due to the pandemic have catapulted the real estate industry into a record-breaking year so far. The median home price for a single-family home hit $445,000 in February, up 17.1 percent from the previous year. So what is it actually like to be a potential buyer right now?
Traffic jams at open houses are expected. Bidding wars and cash offers are anticipated. You consider waiving contingencies for a more competitive offer, and find creative ways from a love letter to adding flexibility on the move-in date as part of your offer.
As the weather gets warmer and the spring house hunt gets underway, we’re beginning to dream of a new chapter and finding that perfect new place to call home. So we want to ask our readers: What’s it actually like to house hunt in Massachusetts? Tell us about your wins and losses. What is your wildest open house story? How many bids did it take before yours was accepted? We want to hear from both house hunters and current homeowners in Massachusetts. We’ll put together your top stories to share what it’s really like to be looking to buy in the Bay State.