Well I finally got smart and figured out how to post 0nly the [tag]Boston[/tag] page for this report. There is really no need for everyone to have to sift through 62 pages of market information just to find out what’s happening around here.

I’m sorry to say that this survey is more of the same, but I don’t really expect much different for a while still. Local Realtors reported to the Bank of America that ‘buyer traffic’, home prices, and ‘incentives’ all worsened in August.

It may just be me but I’m pretty certain August is always the doldroms of the market. August and December have been two of the slowest months over the last 6 years that I’ve been in this business. For my part I’ll say that we sold a number of places in August and wrote a series of offers to get there so it didn’t seem so slow around here.

I’ve found [tag]investors[/tag] are still buying value. Homebuyers, however, are going for the throat. In fact I’m having a dificult time even finding suitable [tag]investment properties[/tag] right now, they really are in high demand. If your property cash-flows you can do very well right now. Larger [tag]multifamily properties[/tag] (100+ units) are in very high demand, there really is nothing to speak of on the market and there are plenty of buyers. Even smaller quality buildings are hard to come by.

Although you have to show up with some cash in today’s [tag]mortgage market[/tag], its a great time to buy if you have some (cash that is). We are seeing HUGE reductions in prices by the lenders right now. I put a bank owned property under agreement in August that was 19+% off of the asking price and was a full $120,000 cheaper than the last sale…. seriously. I guess how good or bad the market is really depends on your perspective. Bank of America’s Realtor Survey for August