Massachusetts well-positioned for recovery

Analysts, citing key indicators for economic performance, are predicting that our state will recover from this recent economic downturn quicker than the rest of the country. Labor and housing market statistics show that Massachusetts is outpacing the US statistics by a significant margin – with home sales (adjusted for seasonal variations) soaring nearly 50 percent in the state since hitting bottom in January, compared with less than 20 percent nationally.

This is not, however, to say that the markets will fully recover in the next several months. Economists are cautiously predicting a slow recovery for the nation – with 12 to 24 months of incremental growth.

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For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.