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.