August Future Indicators Report: Pending Sales Continued to Climb

The Massachusetts Association of REALTORS® (MAR) announced the results of its Future Indicators Report today for the month of August. This report is a combination of our previous Pending Homes Sales and the REALTOR® Confidence Indexes data into one succinct monthly document.

Pending home sales climbed to their highest levels for any August since MAR began tracking homes under agreement in 2004. According to the August Future Indicators Report, there was a 15.7 percent increase in accepted offers compared to the same month the year before. Median price of homes put under agreement also went up, increasing 2.2 percent compared to August 2013.

Here are the August 2014 Highlights:

Pending home sales:

  • Single-family pending home sales were up 15.7% compared to August 2013
  • Single-family median price up 2.2% from August 2013 (to $352,000)
  • Condo pending home sales were up 10.7% compared to August 2013
  • Condo median price up 1.4% compared to August 2013 (to  $325,000)
  •  18th straight month of single-family year-over-year increases.
  • The most homes put under agreement in August since MAR has been tracking this data.

REALTOR® Market and Price Confidence Indexes:

Confidence Index
August 2014
August 2013
% Change
 Market  61.15 69.26  -12%
 Price 70.00 73.57  -5.0%
  • The tenth straight month that the RMCI has gone down.
  • The seventh straight month that the RMCI has been over the 60-point mark.
  • The 18th straight month the RPCI was over the 70-point mark.
  • 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.

Click link to read the full release: August Future Indicators Report: Pending Sales Continued to Climb

MAR Debuts Future Indicators Report

The Massachusetts Association of REALTORS® (MAR) announced the results of its first Future Indicators Report today for the month of May. This report is a combination of our previous Pending Homes Sales and the REALTOR® Confidence Indexes data into one succinct monthly document. Look out for the new Future Indicators Report the second Tuesday of every month.

Here are the May 2014 Highlights:

Pending home sales:

  • Single-family pending home sales were up 7.2% compared to May 2013
  • Single-family median price up 7.4% from May 2013 (to $349,000)
  • Condo pending home sales were up 3.7% compared to May 2013
  • Condo median price up 8.6% compared to May 2013 (to  $315,000)
  •  15th straight month of single-family year-over-year increases.
  • The most homes put under agreement in May since MAR has been tracking this data.

REALTOR® Market and Price Confidence Indexes:

Confidence Index
May 2014
May 2013
% Change
 Market  67.73  83.08  -19%
 Price  76.58  81.95  -7.0%
  • The seventh straight month that the RMCI has gone down.
  • The fourth straight month that the RMCI has been over the 60-point mark.
  • The 15th straight month the RPCI was over the 70-point mark.
  • 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.

Monthly ‘Hot Topic’ Question:
In response to the monthly “Hot Topic” question, 55 percent of REALTORS® who responded, reported that continued low inventory had increased buyer attendance at open houses.

Click link to read the full release: May Future Indicators Report: Pending Sales Up as Price and Market Confidence Index Down

Pending home sales reach record highs in April

There must be something in the air, and it’s not just the pollen.

Potential buyers are out there en masse, as evidenced by the pending sales data for April 2014. Last month saw the biggest April for pending home sales since MAR began collecting data in 2004, pre-Recession. Condominium pending sales also saw an increase from this time last year.

Link to April 2014 Pending Home Sales Release.

Here are the highlights:

April 2014:

  • Single-family pending home sales were up 3.6% compared to April 2013
  • Single-family month-to-month pending home sales were up 11% from March 2014
  • Single-family median price up 2.3% from April 2013 (to $320,000)
  • Condo pending home sales were up 6.4% compared to April 2013
  • Condo pending month-to-month home sales were up 11.5% from March 2014
  • Condo median price up 11.7% compared to April 2013 (to $319,000)

MAR to Co-Host the Midyear Mortgage Update & Conference

midyear mortgage conf pic

The REALTOR® Day on Beacon Hill isn’t the only hot ticket in town this June! MAR and The Warren Group are coming together for an event that will feature great market analysis, vendors, food and cocktails, and a free Warren Group Market Share Report. Just in case that wasn’t enough to lure you in, every attendee will also be entered to win $500 in cash! The program will take place on June 25th from 1 – 6:00 pm at the Hilton Boston/Woburn in Woburn Massachusetts. For information on the schedule, speakers, directions, and more, please click here.

What’s being said in the media: March 2014 pending home sales

Here are the articles and posts that resulted from the release of our March 2014 pending home sales. We’ll continue to update this post as more articles come in.

Thursday, April 10, 2014

Mass. pending home sales rise in March
MetroWest Daily News

Tuesday, April 8, 2014

Banker & Tradesman

Pending home sales rise in March amid strong buyer demand
Boston Business Journal

Early spring sales best since 2004
BostonRealEstateNow Blog (Boston.com)

Home sales up 15 percent in March
Cape Cod Today (Statehouse News Service)

Mass. pending home sales up 15 percent
Sentinel & Enterprise

March pending home sales highest since ’04
Worcester Business Journal