The number of homes and condominiums put under agreement in the month of February increased over last year. Median prices for both single-family homes and condominiums saw a hike year-over-year as well.
Single-family pending home sales rose over 12 percent this month from November of last year, with prices rising over four percent. Pending condominium sales were also up, rising more than two percent over last year, while prices increased slightly. Realtors® confidence in the market was up almost 20 percent in November, while confidence in prices raised only slightly over last year.
November Pending Sales:
| Single Family | November 2017 | November 2016 | % Change |
| Sales | 4,359 | 3,871 | 12.6% |
| Median Price | $385,000 | $369,000 | 4.3% |
| Condominium | November 2017 | November 2016 | % Change |
| Sales | 1,895 | 1,854 | 2.2% |
| Median Price | $349,000 | $345,000 | 1.2% |
Read more in the November 2017 Future Indicators Report.
Buyers were not deterred by the hottest August on record in pushing up the number of accepted offers that were made as pending home sales rose again over 24 percent from last year. Condominium pending sales were also up 17 percent as prices for both property types continue to go up. The strong market was reflected in a high Realtor® Market Confidence Index, while Price Confidence was essentially flat.
August Pending Sales:
| Single Family | August 2016 | August 2015 | % Change |
| Sales | 6,052 | 4,863 | 24.4% |
| Median Price | $375,000 | $365,000 | 2.7% |
| Condominium | August 2016 | August 2015 | % Change |
| Sales | 2,095 | 1,789 | 17.1% |
| Median Price | $342,000 | $335,450 | 2.0% |
REALTOR® Market and Price Confidence Indexes:
| Confidence Index | August 2016 | August 2015 | % Change |
| Market | 77.83 | 74.16 | 5.0% |
| Price | 68.91 | 68.61 | 0.4% |
Read the full August 2016 Future Indicators Report release.
There was no slowing down in the number of accepted offers being made in July as pending home sales rose again over eight percent from last year, while condominium pending sales were also up. Prices for both property types continue to go up. The strong market was reflected in a high Realtor® Market Confidence Index, while Price Confidence was essentially flat.
July Pending Sales:
| Single-Family | July 2016 | July 2015 | %Change |
| Sales | 5,863 | 5,406 | 8.5% |
| Median Price | $379,000 | $364,000 | 4.1% |
| Condominium | July 2016 | July 2015 | %Change |
| Sales | 2,082 | 1,955 | 6.5% |
| Median Price | $360,000 | $340,000 | 5.9% |
| Confidence Index | July 2016 | July 2015 | %Change |
| Market | 79.02 | 76.42 | 3.4% |
| Price | 72.57 | 72.74 | -0.2% |
Read the full July 2016 Future Indicators Report release.
Home sales momentum from the winter has continued into the spring, as April pending home sales increased just over 30 percent from last year. Realtors® confidence in the market increased to the highest level since May 2013 after a year of steady increases.
April Pending Sales:
| Single Family | April 2016 | April 2015 | % Change |
| Sales | 7,139 | 5,477 | 30.3% |
| Median Price | $350,688 | $325,000 | 7.9% |
| Condominium | April 2016 | April 2015 | % Change |
| Sales | 2,782 | 2,448 | 13.6% |
| Median Price | $329,628 | $305,000 | 8.1% |
REALTOR® Market and Price Confidence Indexes:
| Confidence Index | April 2016 | April 2015 | %Change |
| Market | 82.88 | 82.28 | 0.73% |
| Price | 76.71 | 80.66 | -4.89% |
Read the full April 2016 Future Indicators Report release.
These 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
