Mild Weather, Low Mortgage Rates and Moderating Home Prices Lead to Record Number of Pending Sales for a February

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Homebuyers took advantage of mild winter weather, moderating home prices and mortgages rates hitting a 12-month low (3.695%*) to push pending home sales up to their highest level in the month of February since MAR began recording this data in 2004. Unsurprisingly, Realtors® confidence in the market was positive again in February.

February Pending Sales:

Single-Family February 2016 February 2015 %Change
Sales 4,531 2,578 75.8%
Median Price $308,750 $316,000 -2.3%
  • Pending sales have been up 35 of the last 36 months
Condominium February 2016 February 2015 %Change
Sales 1,809 1,118 61.8%
Median Price $285,000 $293,250 -2.8%
  • Pending sales have been up 35 of the last 36 months

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Confidence Index February 2016 February 2015 %Change
Market 68.66 54.48 26%
Price 75.70 76.35 -1%
  • The RMCI was up for the 11th straight month
  • The RPCI was down for the first time in six 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 February 2016 Future Indicators Report release.

What’s being said in the media: January 2016 Future Indicators Report

what's being said in the media 2016These articles and posts resulted in the release of our January 2016 Future Indicators Release. We’ll continue to update this post as more articles come in.

Tuesday, February 9, 2016

Mild Weather and Strong Buyer Demand Result in Robust Start to the Year in Pending Home Sales
Cape & Plymouth Business Magazine

Mild winter gives 2016 housing market a jump-start
Boston.com

Finally, take a look at this Boston.com article using data from the 2015 Profile of Home Buyers and Sellers Massachusetts report from the National Association of Realtors®.

How first-time homebuyers are managing in Massachusetts
Boston.com

More Warm Weather Allows for a Strong Start to the Year in Pending Sales

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Buyers benefited from a mild-weather month in January to push pending home sales up almost 40 percent from last year. Realtors® confidence in the market was positive again in January. This month’s “Hot Topic” question finds that the majority of listings Realtors® saw in the past six months did not have any “smart home” features, like a thermostat or security system controlled via internet-connected devices.

January Pending Sales:

Single-Family January 2016 January 2015 %Change
Sales 3,914 2,802 39.7%
Median Price $330,000 $329,700 0.1%
  • Pending sales have been up 34 of the last 35 months
Condominium January 2016 January 2015 %Change
Sales 1,480 1,103 34.2%
Median Price $309,438 $311,860 -0.8%
  • Pending sales have been up 34 of the last 35 months

Jan16pendingchart

Confidence Index January 2016 January 2015 %Change
Market 66.98 63.34 6%
Price 73.58 73.32 0%
  • The RMCI was up for the tenth straight month
  • The RPCI was up or flat for the fourth fifth month
  • 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 January 2016 Future Indicators Report release.

What’s being said in the media: December 2015 Future Indicators Report

what's being said in the media 2016

Here are the articles and posts that resulted in the release of our December 2015 Future Indicators Release. We’ll continue to update this post as more articles come in.

Wednesday, January 13, 2016

Mild weather perks up Mass. real-estate market
Sentinel & Enterprise

Warm December kept housing market hot
Worcester Business Journal

Warmer December Boosted Housing Market, Realtors Group Says
90.9 WBUR

Unseasonably warm December kept real estate market hot
Cape & Plymouth Business

Warmer December boosted housing market, Realtors group says
Herald News

Realtors: Warmer December boosted home sales
Gloucester Times

Thursday, January 14, 2016

Realtors’ market confidence continues to rise
Worcester Business Journal

An Unseasonably Warm December Kept Market Hot as Pending Home Sales Were Up Again

Dec_pending_blogtitleA record mild December allowed for increased buyer activity last month as pending home sales were up 34 percent from the same month last year.

Median prices increased slightly year over year, while condo prices remained flat. Year-end data showed that overall pending home sales were up in 2015 over last year despite the low number of homes for sale.

Realtors’® confidence in the market was positive again in December.

December Pending Sales:

Single-Family December 2015 December 2014 %Change
Sales 3,537 2,635 34.2%
Median Price $345,000 $330,000 4.5%
  • Pending sales have been up 33 of the last 34 months
Condominium December 2015 December 2014 %Change
Sales 1,217 936 30.0%
Median Price $319,000 $320,000 -0.0%
  • Pending sales have been up 33 of the last 34 months
    pendingDec15
Confidence Index December 2015 December 2014 %Change
Market 59.76 50.00 20%
Price 70.43 70.25 0%
  • The RMCI was up for the ninth straight month
  • The RPCI was up or flat for the fourth straight month
  • 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 December 2015 Future Indicators Report release.

What’s being said in the media: November 2015 Future Indicators Report

Here are the articles and posts that resulted in the release of our November 2015 Future Indicators Report. We’ll continue to update this post as more articles come in.

Tuesday, December 8, 2015

November home sales up nearly 39 percent
Worcester Business Journal

Buyers ‘gobbled’ up homes in November
Cape & Plymouth Business Magazine