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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