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by kehphin 2132 days ago
Zillow's conclusions seem wildly inaccurate for Boston - it is most definitely a buyer's market. Time to sell has increased drastically across all price ranges. Price cuts are rampant as well. I've seen apartments listing at 1.1m in April finally just sell this month in the low 900s. So take the report with a grain of salt!
4 comments

I made an offer on a home in Providence this month and it is most definitely a seller's market. Inventory is very low, properties do not last long, and (after watching the market closely all summer) we eventually made an offer substantially above asking.
I see this zillow report inline with what I am seeing in and around DC area. Especially Suburban. Prices are soaring for both new and old homes. Given the mortgage rates are record low, prices are going up. It is definitely seller's market.
Similar story in Toronto area. People are supposedly out shopping, but not so much buying.

Family friend had a home listed for almost 100 days and finally pulled it after dropping around 15% off the ask.

Probably has a lot to do with the predominant industries in the geographical areas.