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
February Pending Sales:
|Single Family||February2019||February2018||% Change|
- Pending sales have been up for the past 12 months
- Pending sales have been up or flat for ten of the last 12 months