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.

Massachusetts Median Home Prices Remain at the $400,000 Mark as Number of Homes for Sale Reach Lowest Level for July since 2004

Front Porch Of Resedential Home With Autumn Decorations

The median price for a single-family home hit the $400,000 mark for the second month in a row in July. Single-family homes saw a dip in sales over last year, while condominiums sales rose slightly. Inventory also reached the lowest level for the month of July since MAR began recording the data in 2004.
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Massachusetts Median Home Prices Cross the $400,000 Threshold for the First Time

Front Porch Of Resedential Home With Autumn DecorationsThe median price for a single-family home hit an all-time high in June and went over $400,000 for the first time. Both single-family homes and condominiums saw a drop in sales in June from last year. Inventory also reached the lowest level for the month of June since MAR began recording the data in 2004.

Read more in the full June 2017 Closed Sales Release.

  • June single-family home sales went down -4.8% over last year (6,614 sales in 2017 from 6,948 sales in June 2016)
  • June single-family median prices went up 7.9% year-over-year (to $410,000 in 2017 from $380,000 in June 2016)
  • June condo sales went down -5.6% and median prices went up 3.3% (to $361,500)
  • Inventory in June went down -32.4% to 13,973 and condominiums available down -27.9% to 3,820
  • SF listings added to the market in June went down -7.3% over last year. (7,904 from 8,529 in 2016)
  • Condo listings added to the market went up 0.4% over last year. (2,863 from 2,852 in 2016)