Under $1 million, homes shockingly scarce
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The photo here, which comes from Boston.com's real estate listings, is of a two-bedroom, 1,450-square-foot home on Lake Street in Wellesley that is priced just below $800,000, a rarity right now in this crazy spring market.
The same holds true for Needham, where 70 percent of all homes on the market during the first quarter were listed at $1 million and up.
Here's what Pinnacle's Elaine Bannigan told me in a column I wrote for today's issue of Banker Tradesman.
"These numbers are disturbing," notes Elaine Bannigan, owner of Wellesley-based Pinnacle Residential Properties, Bannigan said. Continue reading >>>