Buyer Demand Keeps Pending Sales Strong in January

pendingsales_gradientFB

Ongoing buyer demand pushed pending home sales up in January more than 10 percent compared to the same time last year. Realtors® confidence both in the market and in home prices was positive in January.

January Pending Sales:

Single Family January 2017 January 2016 % Change
Sales 3,600 3,254 10.6%
Median Price $354,000 $329,700 7.4%
  • Pending sales have been up 46 of the last 47 months
Condominium January 2017 January 2016 % Change
Sales 1,524 1,278 19.2%
Median Price $330,000 $310,000 6.5%
  • Pending sales have been up 16 of the last 17 months

Realtor® Market and Price Confidence Indexes:

Confidence Index January 2017 January 2016 %Change
Market 69.63 66.98 4%
Price 75.19 73.32 2%
  • The Realtor® Market Confidence Index was up for the 10th 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 January 2017 Future Indicators Report.

Pending Home Sales and Market Confidence in Massachusetts Housing Market both up in December and for 2016

pendingsales_gradientFB

Holiday cheer wasn’t the only thing in abundance in December as both the number of homes put under agreement and prices were up in the final month of the year. This was also true for condominiums put under agreement. This trend was mirrored in the year-end totals for 2016 compared to 2015. Realtors’® confidence in the market was positive again in December as their confidence in prices was down slightly.

December Pending Sales:

Single Family December 2016 December 2015 % Change
Sales 3,430 2,993 14.6%
Median Price $356,950 $342,500 4.2%
  • Pending sales have been up 45 of the last 46 months
Condominium December 2016 December 2015 % Change
Sales 1,198 1,075 11.4%
Median Price $340,000 $323,767 5.0%
  • Pending sales have been up 15 of the last 16 months

Year-End Pending Sales:

Single-Family 2016 2015 %Change
Sales 59,707 54,384 9.8%
Avg. Median Price $352,839 $341,142 3.4%

 

Condominium 2016 2015 %Change
Sales 22,473 21,262 5.7%
Avg. Median Price $319,527 $330,435 3.4%

REALTOR® Market and Price Confidence Indexes:

Confidence Index December 2015 December 2014 %Change
Market 59.76 66.95 12%
Price 70.43 69.70 -1%
  • The Realtor® Market Confidence Index was up for the ninth 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

Year-End

Confidence Index 2016 2015 %Change
Market 73.69 68.20 8%
Price 72.18 73.82 -2.3%

 

Read the full December 2016 Future Indicators Report.

Massachusetts Pending Home Sales and Median Prices Up Across the Board in October

pendingsales_gradientFB

The number of homes put under agreement in October were up 15 percent from last year. Condominium pending sales were also up almost nine percent as prices for both property types continue to go up. The strong market was reflected in high Realtor® Market Confidence Index, while the Price Confidence Index remained essentially the same over last year.

October Pending Sales:

Single Family October 2016 October 2015 % Change
Sales 5,680 4,936 15.1%
Median Price $355,778 $335,000 6.2%
  • Pending sales have been up 43 of last 44 months
Condominium October 2016 October 2015 % Change
Sales 1,984 1,825 8.7%
Median Price $327,000 $318,000 2.8%
  • Pending sales have been up for 13 of last 14 months

pendingchartoct16

Realtor® Market and Price Confidence Indexes:

Confidence Index October 2016 October 2015 % Change
Market 70.18 65.53 5.0%
Price 68.86 68.79 0.4%
  • The Realtor® Market Confidence Index was up for the 18th straight month
  • The Realtor® Price Confidence Index was down or essentially flat for the eighth time in 13 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 October 2016 Future Indicators Report.

Buyers Pushed Up the Pace on Pending Home Sales in August

pendingsales_gradientFB

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%
  • Pending sales have been up 41 of last 42 months
Condominium August 2016 August 2015 % Change
Sales 2,095 1,789 17.1%
Median Price $342,000 $335,450 2.0%
  • Pending sales have been up for 12 of last 13 months

pendingchartaug16

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%
  • The Realtor® Market Confidence Index was up for the 18th straight month
  • The Realtor® Price Confidence Index was down or essentially flat for the eighth time in 13 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 August 2016 Future Indicators Report release.

Burnt-out Lawns and July Heat Could Not Slow Down Single-Family Pending Home Sales

pendingsales_gradientFBThere 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%
  • Pending sales have been up 40 of last 41 months
Condominium July 2016 July 2015 %Change
Sales 2,082 1,955 6.5%
Median Price $360,000 $340,000 5.9%
  • Pending sales have been up for 11 of last 12 months

July2016PendingChart

Confidence Index July 2016 July 2015 %Change
Market 79.02 76.42 3.4%
Price 72.57 72.74 -0.2%
  • The RMCI was up for the 17th straight month
  • The RPCI was down for the seventh time in 12 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 July 2016 Future Indicators Report release.

Momentum Continues into the Summer as Single Family Home Pending Sales Go Up Again in June

pendingsales_gradientFBPending home sales rose again over six percent from last year, while condominium pending sales slowed for the first time in 15 months. Prices also rose incrementally over last year. The strong market was reflected in a high Realtor® Market Confidence Index, while Price Confidence ticked down.

June Pending Sales:

Single Family June 2016 June 2015 % Change
Sales 6,813 6,407 6.3%
Median Price $380,000 $372,000 2.2%
  • Pending sales have been up 39 of last 40 months
Condominium June 2016 June 2015 % Change
Sales 2,507 2,517 -0.4%
Median Price $349,000 $330,000 6.0%
  • Pending sales down for the first time in 15 months

REALTOR® Market and Price Confidence Indexes:

Confidence Index June 2016 June 2015 %Change
Market 80.97 78.47 3.2%
Price 73.87 74.48 -0.8%
  • The Realtor® Market Confidence Index was up for the 16th straight month
  • The Realtor® Price Confidence Index was down for the seventh time in 12 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 June 2016 Future Indicators Report release.