The number of single-family homes put under agreement in the month of November rose two percent over the last year, marking a full year of year-over-year increases. However, condominium pending sales for the month fell from this time last year. From November 2017, the median price for pending single-family homes and condominiums saw over a four percent hike to $397,000 and a one percent hike to $375,000, respectively.
“Thanksgiving preparations and Black Friday shopping didn’t stop home buyers from finding time in November to make offers on single-family homes,” said 2018 MAR President Rita Coffey, general manager of CENTURY 21 Tullish & Clancy in Weymouth. “Even though prices are ticking closer to the $400,000 mark, with pending sales being up for the past 12 months, home buyers are showing us that the demand is still there.”
Read more in the November 2018 Future Indicators Report
November Pending Sales:
|Single Family||November 2018||November 2017||% Change|
Pending sales have been up for the past 12 months
|Condominium||November 2018||November 2017||% Change|
Pending sales have been down or flat for five of the last 12 months