Massachusetts Median Home Prices Remain at the $400,000 Mark as Number of Homes for Sale Reach Lowest Level for July since 2004

Front Porch Of Resedential Home With Autumn Decorations

The median price for a single-family home hit the $400,000 mark for the second month in a row in July. Single-family homes saw a dip in sales over last year, while condominiums sales rose slightly. Inventory also reached the lowest level for the month of July since MAR began recording the data in 2004.
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Massachusetts Median Home Prices Cross the $400,000 Threshold for the First Time

Front Porch Of Resedential Home With Autumn DecorationsThe median price for a single-family home hit an all-time high in June and went over $400,000 for the first time. Both single-family homes and condominiums saw a drop in sales in June from last year. Inventory also reached the lowest level for the month of June since MAR began recording the data in 2004.

Read more in the full June 2017 Closed Sales Release.

  • June single-family home sales went down -4.8% over last year (6,614 sales in 2017 from 6,948 sales in June 2016)
  • June single-family median prices went up 7.9% year-over-year (to $410,000 in 2017 from $380,000 in June 2016)
  • June condo sales went down -5.6% and median prices went up 3.3% (to $361,500)
  • Inventory in June went down -32.4% to 13,973 and condominiums available down -27.9% to 3,820
  • SF listings added to the market in June went down -7.3% over last year. (7,904 from 8,529 in 2016)
  • Condo listings added to the market went up 0.4% over last year. (2,863 from 2,852 in 2016)

Dip in Closed Home Sales for Month of May as Median Prices Hit All-Time High

Front Porch Of Resedential Home With Autumn DecorationsToday both single-family and condominium saw a slight dip in sales in May from last year. Despite the drop, median home prices for both single-family homes and condominiums hit new all-time highs. Inventory also reached the lowest level for the month of May since MAR began recording the data in 2004.

Read more in the full May 2017 Closed Sales Release.

  • May single-family home sales went down -2.3% over last year (4,930 sales in 2017 from 5,047 sales in May 2016)
  • May single-family median prices went up 9.2% year-over-year (to $385,000 in 2017 from $352,700 in May 2016)
  • May condo sales went down -0.3% and median prices went up 7.9% (to $369,950)
  • Inventory in May went down -30.6% to 13,918 and condominiums available down -26.3% to 3,876
  • SF listings added to the market in May went up 4.1% over last year. (8,968 from 8,611 in 2016)
  • Condo listings added to the market went up 9.8% over last year. (3,125 from 2,846 in 2016)