Your Somerville/Cambridge Real Estate Experts | | Local Real Estate Market Update | | |
May Housing Inventory is up 17% over last year and 34% over April!
There were 511 properties available as of 5/8 on Zillow/MLS (compared to 435 a year ago and 380 in March) in our 4 key markets. This is 17% YOY growth and an acceleration of the double-digit increases we have seen since the start of the year! The largest gains were in Multis (+40%) and Condos (+18%), with ALL markets up over last year and Medford/Malden +32%! The only property type to see a decrease in available units was Singles, as they dropped 2%, a modest improvement over the previous month (-17%). As the market shifts towards buyers looking for a Condo or Multi-Family, you are in a better negotiating position with a stronger selection of inventory to consider. The Greater Boston area is very resilient and a great investment for would-be buyers. Now with mortgage rates stable at around 6%, it's the ideal time to get out there and find your new home.
| Complimentary Buyer Consultation | If you have been on the sidelines and want to get back into the market, Flow Realty is pleased to offer you a complimentary 30-minute Zoom Consultation Click to schedule: | | | Don’t Skip Having an Open House, Even if You Live in a Hot Market | Today, some real estate agents operating in hot markets may say that an open house isn’t necessary. And that’s probably appealing to some owners—open houses often involve staging, or at the very least making their home accessible to strangers when they’d rather be living their lives. The open house, however, is more than just a courtesy. Even in a hot market, an open house still drives real value, and skipping one can mean leaving money and other benefits on the table. | |  | Is It Finally a Buyer’s Market? Here’s How To Tell and What To Do About It | |
It depends on where you are.
While buyers may have more leverage in many cities, real estate experts warn that it won't be felt evenly across all segments of the market. Greater Boston is a strong example.
While demand for condos priced below $500,000 has plummeted, single-family homes remain near impossible to find. On the off chance one hits the market, you're likely to get burned treating it like a condo.
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Leaderbank Mortgage Data
6.25% - 30 Year Fixed
5.625% - 7/6 ARM
Lock-in with Dave Conti
Senior Loan Officer
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Financial planning for retirement goes beyond a 401(k), pension, or even savings. Homeowners who've been paying a monthly mortgage have gained equity—the total amount of home you currently own.
To figure out how much equity you have, you'd take the difference between how much your home is worth and how much you owe on your mortgage.
Home equity increases as you make more payments, essentially paying down your mortgage. This equity offers some financial flexibility—if used wisely.
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15-17 Colby Street Medford, MA
2-Family Home
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- 4 bed/3.5 bath
- 2,798 square feet
- Exciting Investment Opportunity
- Prime Tufts University location
- In-unit laundry in both units
- Fenced-in yard
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51 Melrose Street #4D
Melrose, MA
Spacious condo
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- 2 bed/2 bath condo
- 1,230 square feet
- Melrose Towers
- Sunny corner unit
- 2 parking spaces
- In-unit laundry
- New mini-split heating/cooling
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1 Pembroke Street #1D
Chelsea, MA
Contingent
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- 2 bed/1 bath condo
- 833 square feet
- Airy, open concept
- Warm fireplace
- Off-street parking
- Deck with stunning views of Tobin Bridge
- In-unit laundry
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24 Fabulous Things To Do in Cambridge, Massachusetts
Why visit Cambridge when you’re spending time in Boston? Cambridge feels different — innovative, cultured, intellectually curious. It may be a separate city from Boston, but Cambridge is absolutely worth visiting in its own right. Some of the best things to do in Cambridge are visiting Harvard and MIT, the two rock star universities — but for me, Cambridge is about simply hanging out, poking my head into interesting shops, sitting at the Harvard Book Store with a cup of coffee, and enjoying the day.
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Homebuyers and Sellers Both Grow Cautious as Mortgage Rates Tick Higher
“Recent data points to slightly better conditions for buyers with a boost in new-home sales and higher inventory than in recent years,” says Sam Khater, Freddie Mac’s chief economist.
Indeed, Realtor.com data shows that active inventory grew by 2.7% this week compared to a year ago, providing shoppers with more options than they had in 2025. However, that growth has slowed from the 4%+ gains seen last month.
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Richard was amazing and did a great job with assisting us with the purchase of our condo! He was always available to give us advice and help us navigate the entire process from beginning till closing. He always had a sunny disposition and was a wonderful communicator. Overall, it was a great experience and we're grateful Richard helped us through everything!
A. George
| | Meet 5-Star Rated Agents - Success Team | Richard and Arlene have been licensed in real estate for over 25 years and have seen the many ups and downs and sideways of the market. While Richard specializes in meeting clients, negotiation, marketing strategies, and analytics, Arlene spends countless hours researching properties, understanding the needs of their clients and handling all of the buying process details. They bring skillsets that perfectly complement each other and ultimately benefit their Buyer and Seller clients. When you work with Richard and Arlene you are getting 2 experienced agents for the price of 1! | |
We are a residential real estate sales company founded in 2007 and located at 327 Highland Avenue in Somerville, MA. Throughout the years, we have grown to expand our footprint with Realtors in different geographical areas specializing in towns from South Boston and Dorchester to, Beverly, Danvers and Newbury.
We strive to make the seemingly complex process of buying and selling real estate much more manageable for our clients. Buying and selling real estate does not need to feel overwhelming.
In these ever-changing times, it is now more important than ever to have a team of professional, experienced agents working for you. Recognized in 2025 as #5 in the state for brokerages with 20 or fewer agents, we are proud to be serving your real estate needs in the Greater Boston area. Go With the Flow!
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