­­Housing market heats up

This Needham home was on the market for one week this summer and received multiple offers before selling for its asking price.

In the wake of a strong summer market, real estate brokers and analysts are expecting an upward trend heading into the fall season, with both prices and sales on the rise.

July home sales rose 24 percent over the previous year, marking the 13th consecutive month with an increase in sales year over year, according to the Massachusetts Association of Realtors. Condominium sales also jumped 23.1 percent from last July.

“Once July and August come, things usually slow down. We did not see that slow down. We still had a lot of activity,” says Bill Dermody, manager of Coldwell Banker Residential Brokerage in Needham and president of the Greater Boston Association of Realtors. “I do expect listings to go up. I’m cautiously optimistic the market has turned.”

In Needham, a town known for steep prices, the summer market was indeed very hot. According to Dermody, some houses sold within days of hitting the market and several had multiple offers.

“There are a lot of good signs pointing toward a real estate recovery,” says Cory S. Hopkins, editorial director of The Warren Group, which publishes Banker & Tradesman.

Greater Boston isn’t the only area that is seeing an uptick in sales.

“Down the Cape, things are going well. Western Massachusetts, things are going well again. There are some pockets where things are a little tougher, but overall there are positive numbers,” says Dermody.


News
Entertainment
Sports
Lifestyle
International

Nearly 300 missing after South Korean ferry capsizes

Almost 300 people were missing after a ferry capsized off South Korea Wednesday, in what could be the country's biggest maritime disaster in over 20 years.

Local

Tsarnaev defense lawyers in court Wednesday, seek family…

Lawyers for accused Boston Marathon bomber Dzhokhar Tsarnaev are due in court Wednesday to ask a judge to order prosecutors to hand over more information on the defendant's family.

News

Explosions in new Boston Marathon bomb panic, 'twisted'…

A fresh Boston Marathon terror alert, which caused Bomb Squad officers to order an evacuation while two controlled explosions were carried out, was today being…

Local

Bomb squad detonates backpacks left at Marathon finish…

The Boston Marathon finish line has been evacuated and the Copley Square T station has been closed as police investigate a suspicious package, WBZ is reporting.

Television

TV watch list, Wednesday, April 16: 'The Americans,'…

'The Americans' Philip and Elizabeth face "painful turns" in their missions. Maybe next week they'll have a nice easy mission with no moral ambiguity? Probably…

Going Out

Pastoral provides a country feel in the big…

One thing any packrat crafter will note on walking into Pastoral is how much fun chef/owner Todd Winer undoubtedly had in designing this, his first…

Movies

Review: 'Bears' is a cute Disney doc about…

Disney's latest nature doc, "Bears," doesn't completely shy away from the fact that its subjects would devour you (or eachother) if they had the chance.

Television

'Orphan Black's' Jordan Gavaris talks Felix's Season 2…

Jordan Gavaris plays heroically helpful foster sibling Felix to main clone Sarah on "Orphan Black." We talked to him about what’s ahead for him in…

MLB

MLB video highlights: White Sox beat Red Sox…

Red Sox fall on walk-off error to White Sox

NBA

NBA Draft Lottery day is May 20: Celtics…

NBA Draft Lottery day is Tuesday, May 20: Celtics percentage odds for a top overall pick

MLB

Opinion: Major League Baseball replay system shouldn't be…

Opinion: Major League Baseball replay system shouldn't be dumped just yet

NHL

Bruins - Red Wings preview: David Krejci ready…

Bruins - Red Wings preview: David Krejci ready to erupt once again in playoffs

Wellbeing

Could a facelift give you the edge at…

It's not just women lining up for procedures.

Home

Steal home decorating tips from Nattystyle blogger Natalie…

Despite the towering ceilings and enviable exposed brick, it’s easy to see how Natalie Decleve’s apartment could be considered a challenge. Perched above the streets…

Home

How to plant a garden in the city

Small on space but big on gardening? You can still have that welcoming oasis of fresh air with an urban garden. Peter Smith, owner of…

Style

Victoria's Secret Fashion Show moving to England

It will still broadcast on CBS this fall.