Pending Median Price for Condos Rises Higher than Single-Family Homes in Massachusetts

The number of single-family homes put under agreement in the month of March increased over last year. The number of condominiums remained essentially the same. Median prices for both single-family homes and condominiums saw a hike year-over-year. The median price of a condominium was higher than the price of a single-family home. Continue reading

Home Sales Down in January as Inventory Remains at Record Low Levels

Closed sales for single-family homes fell slightly in January, while prices rose more than three percent. Condominium sales saw a drop in sales as well, with prices rising over six percent. Inventory dropped to a record low for the month of January. This is the second month in a row that the number of single-family homes for sale has been below the 10,000 mark. Continue reading

New Year = New Deals

We all make promises to ourselves at the beginning of a new year. Sometimes we break those New Year resolutions rather soon, and before we know it, we are back to our normal, sometimes bad habits.

This year, if your resolution was to save money, I’m here to remind you that this resolution can stick. As a member of MAR, you have access to many benefits that you should take advantage of this year. A variety of services partner with MAR to provide special discounts on products and services not just for the office, but for the home as well.

Here’s a reminder of some top member benefits that can save you time and money in 2018:

1-Comtel Group INC. : Comtel Group is one of the nation’s most experienced telecommunications agencies providing independent, non-fee based consulting and services. Beyond traditional brokerages and consultancies, Comtel Group is your permanent and total communications solutions partner and advocate. Their goal is to optimize your experience and raise the standards of how business telecommunications services are bought, sold and managed. The best part—it’s free to MAR members!

2- Taxbot: Join thousands of happy agents and save thousands on your taxes every year. Taxbot is a mileage and expense tracking app. The one touch system captures your expenses and mileage in real time which are sent to the cloud and stored securely in a dynamic web portal. You can edit records, add new information, and create dynamic budgets with Taxbot.

3-Data Breach & Cyber Liability Insurance: Realtors® are a new target of cyber criminals. Insure your business from the financial harm and expenses that can result from a data breach. MAR members can have cyber and data breach insurance quoted and have coverage in effect in less than five minutes!

Happy New Year, and happy savings! For even more saving opportunities, check out all the MAR member benefits.

Massachusetts Pending Home Sales Up and Market Confidence High in December to Close out the Year and Throughout 2017

Buyers continued to come out and make accepted offers on single-family homes and condominiums in the final month of the year as the number of homes put under agreement and prices increased in DecemberAs a whole, 2017 saw both homes put under agreement and average median prices increase compared to 2016.

December Pending Sales: 

Single-Family  December 2017  December 2016  % Change 
Sales  3,162  2,834  11.6% 
Median Price  $382,500  $358,750  6.6% 
  • Pending sales have been up 11 of the last 12 months 
Condominium  December 2017  December 2016  % Change 
Sales  1,164  1,068  9.0% 
Median Price  $352,500  $342,500  2.9% 
  • Pending sales have been up 10 of the last 12 months 

Year-End Pending Sales: 

Single-Family  2017  2016  %Change 
Sales  57,308  56,605  +1.2% 
Avg. Median Price  $376,292  $353,644  +6.4% 


Condominium  2017  2016  %Change 
Sales  22,634  21,896  +3.4% 
Avg. Median Price  $349,163  $331,929  +5.2% 

Read more in the December 2017 Future Indicators Report.