MELROSE (CBS) – Single-family homes in Massachusetts are hitting the market and selling fast. “The market is very hot, very hot,” Century 21 Realtor Lisa Howitt said.
Howitt is a realtor in Melrose and said most homes are going under agreement in less than a week. “Over asking is very common because there is competition,” said Howitt.
Howitt just listed a single-family home in Melrose on Tuesday. She’s already scheduled six private showings and expects an offer by Monday.
“Since COVID we’ve seen a bigger migration than normal from Boston, Charlestown, the densely populated areas,” said Howitt.
The Massachusetts Association of Realtors said the inventory of single-family homes for sale is down more than 50% compared to this same time last year.
“I think part of that is COVID…