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

Continue reading

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

Continue reading

Pending Home Sales See Another Bump in October as Prices Remain Near $400,000 Mark

Single-family pending home sales rose over two percent this month from October of last year, with prices rising close to five 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 again in October, while confidence in prices dropped slightly over last year.

October Pending Sales:

Single Family October 2017 October 2016 % Change
Sales 5,181 5,055 2.5%
Median Price $395,900 $378,750 4.5%
  • Pending sales up for 11 out of the last 12 months
Condominium October 2017 October 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

Realtor® Market and Price Confidence Indexes:

Confidence Index October 2017 October 2016 %Change
Market 72.24 70.18 2.95%
Price 67.86 68.86 -1.46%
  • The Realtor® Market Confidence Index up for the 29th time in 30 months
  • The Realtor® Price Confidence Index down for the fourth time in 12 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 October 2017 Future Indicators Report.

Confidence in Market Very High as Pending Home Sales Hits Another Record for the Month of April

pendingsales_gradientFBHome sales momentum from the winter has continued into the spring, as April pending home sales increased just over 30 percent from last year. Realtors® confidence in the market increased to the highest level since May 2013 after a year of steady increases.

April Pending Sales:

Single Family April 2016 April 2015 % Change
Sales 7,139 5,477 30.3%
Median Price $350,688 $325,000 7.9%
  • Pending sales have been up 37 of last 38 months
  • Most pending sales in the month of April since 2004

 

Condominium April 2016 April 2015 % Change
Sales 2,782 2,448 13.6%
Median Price $329,628 $305,000 8.1%
  • Pending sales have been up 37 of the last 38 months

 

REALTOR® Market and Price Confidence Indexes:

Confidence Index April 2016 April 2015 %Change
Market 82.88 82.28 0.73%
Price 76.71 80.66 -4.89%
  • The Realtor® Market Confidence Index was up for the 13th straight month
  • The Realtor® Price Confidence Index was down for the fifth time in 12 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 April 2016 Future Indicators Report release.

Pending Home Sales Continue to Rise as Winter Slowly Turns to Spring

pendingsales_gradientFBHomebuyers are not slowing down after a particularly active winter, with pending home sales rising over 50 percent from March of last year. Realtors® confidence in the market went up again, as it has every month for the past year. This month’s “Hot Topic” question finds that the majority of Realtors® are seeing busier-than-normal open houses, with 16 percent reporting this is the busiest first quarter they’ve seen.

March Pending Sales:

Single-Family March 2016 March 2015 %Change
Sales 6,431 4,177 54.0%
Median Price $329,900 $320,000 3.1%
  • Pending sales have been up 36 of the last 37 months
Condominium March 2016 March 2015 %Change
Sales 2,401 1,906 26.0%
Median Price $307,500 $307,000 0.2%
  • Pending sales have been up 36 of the last 37 monthsMarchPendingChart
Confidence Index March 2016 March 2015 %Change
Market 72.79 69.18 5.23%
Price 74.45 78.88 -5.62%
  • The RMCI was up for the 12th straight month
  • The RPCI was down for the fourth time in 12 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 March 2016 Future Indicators Report release.

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

pendingaug

 

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