The Number of Massachusetts Homes Put Under Agreement Up in February

Demand continues to be strong as we see the number of single-family homes and condominiums put under agreement in the month of February rise compared to the same time last year.

The median price for single-family homes put under agreement saw a seven percent increase to $375,950, while condominiums had a three percent decrease to $349,000 compared to February 2018.   

“This is only one month, and we’d need to see more to be certain, but an increase in affordable condominiums coming on the market and selling, could be the reason prices are ticking down.” said 2019 MAR President Anne Meczywor, broker/associate at Roberts & Associates Realty, Inc., in Lenox.

Read more in our February 2019 Future Indicators Release

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Massachusetts Homes Put Under Agreement Up in the First Month of 2019

Despite concerns regarding the federal shutdown, the number of single-family homes and condominiums put under agreement in the month of January rose over 21 percent compared to the same time last year.

The median price for pending single-family homes increased three percent to $379,000 while condominium median price increased four percent compared to January of 2018.   

Read more in our January 2019 Future Indicators Press Release

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Massachusetts Home Sales Down in December and Down for 2018

Closed sales for both single-family homes and condominiums dropped year-over-year from last DecemberThere was a small drop in median price for single-family homes and condominiums compared to this time last year and the month also saw the lowest number of single-family homes for sale in the month of December since MAR began reporting the data in 2004.

Year-end data for 2018 shows that total closed sales have had a two percent decrease for both single-family homes and condominiums. The year also saw an increase in average median prices for both single-family homes and condominiums compared to 2017.  Without an increase in inventory in 2019, closed sale decreases and median price increases are trends that will likely continue.

Read more in the December 2018 and Year-End Closed Sales Release

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Massachusetts Pending Homes Sales Up in December and Year-End Pending Home Sales Up From 2017

Buyers stayed engaged in the process through the month of December and continued to come out and make offers on homes. The number of single-family homes put under agreement in the month of December rose almost 10 percent over the last year, marking a full year of year-over-year increases. The median price for both pending single-family homes and condominiums fell compared to December 2017.

Year-end data shows there was an increase in total pending sales for single-family homes and condominiums in 2018 compared to last year. This year also saw an increase in average median prices for single-family homes and condominiums.

Read more in our December and Year-End Pending Sales Report

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November 2018 Inventory of Single-Family Homes and Condominiums Still at Record Monthly Lows

Closed sales for both single-family homes and condominiums dropped year-over-year from last November. There was an increase in median price for single-family homes and for condominiums compared to this time last year. November saw the lowest number of single-family homes and condominiums for sale in the month of November since MAR began reporting the data in 2004. 

Read more in the full November 2018 Closed Sales Release.

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The Number of Massachusetts Single-Family Homes Put Under Agreement Up in November

The number of single-family homes put under agreement in the month of November rose two percent over the last year, marking full year of year-over-year increases. However, condominium pending sales for the month fell from this time last year. From November 2017, the median price for pending single-family homes and condominiums saw over a four percent hike to $397,000 and a one percent hike to $375,000, respectively. 

“Thanksgiving preparations and Black Friday shopping didn’t stop home buyers from finding time in November to make offers on single-family homes,” said 2018 MAR President Rita Coffey, general manager of CENTURY 21 Tullish & Clancy in Weymouth. “Even though prices are ticking closer to the $400,000 mark, with pending sales being up for the past 12 months, home buyers are showing us that the demand is still there.” 

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