3 Myths Holding You Back From Home Ownership
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3 Myths Holding You Back From Home Ownership

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Jamaica Plain Market Update 

July 2018 

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JP Market Update July 2018

Juan Murray

Juan began his real estate career in 1994 as their Housing Rehabilitation Director for the Neighborhood Assistance Corporation of America (NACA), a na...

Juan began his real estate career in 1994 as their Housing Rehabilitation Director for the Neighborhood Assistance Corporation of America (NACA), a na...

Aug 16 1 minutes read

Don't be confused by the numbers.  It might appear that inventory levels are up significantly at 65% (38) but when compared to this same time period in 2009 ... not so good.  Check out the "On Market" snapshot for the following years:

  • 2009 - 155 Units
  • 2010 - 192 Units
  • 2011 - 165 Units 
  • 2012 - 87 Units

Ideally, we should be around 150 Units which gives an absorption rate of around 3 months which is considered healthy.

The 170% blip you see in the last graphic is due to a minor glitch when an agent initially (and accidentally) priced a property at $2,200 and it then sold for $360,750.

My glass is half full ... what about yours?

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