Single-Family Homes Put Under Agreement in October Marks Full Year-Over-Year Increase

The number of single-family homes put under agreement in the month of October increased over last year while condominium sales saw a decrease. Seeing the increase of single-family homes put under agreement marks a full year of year-over-year increases. From October 2017, the median price for single-family homes and condominiums both saw a hike at five percent and four percent, respectively.

“In between apple picking and leaf peeping, home buyers found time this October to make offers on single-family homes in Massachusetts,” said 2018 MAR President Rita Coffey, general manager of CENTURY 21 Tullish & Clancy in Weymouth. “Prices remain close to that $400,000 mark despite the usual cooling off from the summer market.”  Continue reading

Pending Median Price for Condos Rises Higher than Single-Family Homes in Massachusetts

The number of single-family homes put under agreement in the month of March increased over last year. The number of condominiums remained essentially the same. Median prices for both single-family homes and condominiums saw a hike year-over-year. The median price of a condominium was higher than the price of a single-family home. Continue reading

Pending Home Sales Jump in November as Prices Rise Again

Single-family pending home sales rose over 12 percent this month from November of last year, with prices rising over four percent. Pending condominium sales were also up, rising more than two percent over last year, while prices increased slightly. Realtors® confidence in the market was up almost 20 percent in November, while confidence in prices raised only slightly over last year.

November Pending Sales:

Single Family November 2017 November 2016 % Change
Sales 4,359 3,871 12.6%
Median Price $385,000 $369,000 4.3%
  • Pending sales up for 11 out of the last 12 months
Condominium November 2017 November 2016 % Change
Sales 1,895 1,854 2.2%
Median Price $349,000 $345,000 1.2%
  • Pending sales up for nine out of the last 12 months

Read more in the November 2017 Future Indicators Report.

Rising Pending Home Sales in September Could Signify a Busy Fall Real Estate Market

Single-family pending home sales jumped over four percent this month from September of last year, with prices rising close to five percent. Pending condominium sales were also up, rising more than three percent over last year, while prices increased slightly. Realtors® confidence in the market and in home prices were both up again in September. This month’s “Hot Topic” question asks Realtors® how they would describe the appraisal process in the last six months.

September Pending Sales:

Single Family September 2017 September 2016 % Change
Sales 5,288 5,056 4.6%
Median Price $395,876 $378,750 4.5%
  • Pending sales up for 11 out of the last 12 months
Condominium September 2017 September 2016 % Change
Sales 1,918 1,855 3.4%
Median Price $349,000 $345,000 1.2%
  • Pending sales up for 10 out of the last 12 months

Realtor® Market and Price Confidence Indexes:

Confidence Index September 2017 September 2016 %Change
Market 76.74 73.33 4.64%
Price 68.48 67.15 1.98%
  • The Realtor® Market Confidence Index up for the 28th time in 29 months
  • The Realtor® Price Confidence Index up for the eighth time in nine 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 more in the September 2017 Future Indicators Report.