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.” 

Read more in the October 2018 Future Indicators Report.

October Pending Sales: 

Single-Family  October 2018  October 2017  % Change 
Sales  5,423 4,976 9.0% 
Median Price  $390,000  $370,000  5.4% 
  • Pending sales have been up for the past 12 months 
Condominium  October 2018  October 2017  % Change 
Sales  1,916  2,024  -5.3% 
Median Price  $353,000  $339,000  11.9% 
  • Pending sales have down or flat for four of the last 12 months