Massachusetts Home Buyers Did Not Slow Down in August

Pending SalesMAR reported today that very strong buyer activity in August pushed pending home sales up over 40 percent from the same month last year. REALTORS® showed growing confidence in the market again in August as the REALTOR® Market Confidence Index was up over 20 percent from August 2014.

Read the full August pending sales release.

August Pending Sales:

Single-Family August 2015 August 2014 %Change
Sales 5,886 4,157 41.6%
Median Price $368,000 $350,000 5.1%
  • Pending sales have been up 29 of the last 30 months
Condominium August 2015 August 2014 %Change
Sales 2,042 1,578 29.4%
Median Price $338,400 $325,000 4.2%
  • Pending sales have been up 29 of the last 30 months

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Confidence Index August 2015 August 2014 %Change
Market 74.16 61.15 21%
Price 68.61 70.00 -2%
  • The RMCI was up for the fifth straight month
  • The RPCI has been down two of the last five months
  • Measured on a 100-point scale, a score of 50 is the midpoint between a “strong” (100 points) and a “weak” (0 points) market condition

Read the full release: Massachusetts Home Buyers Did Not Slow Down as Pending Homes Sales Up Significantly in August