Massachusetts Home Prices Showed Signs of Moderating in September

The Massachusetts Association of REALTORS®  reported today that after 23 straight months of increases, the median price of a home in Massachusetts was flat compared to the same time last year. While prices experienced no change from the year before, closed sales continued their downward trend in September.

Links:

September 2014 Closed Sales Release

Direct link to podcast with MAR President Peter Ruffini

Click arrow below to listen to the podcast:

Highlights from the release:

  • September single-family home sales – Down 3.3% over last year. (4.224 sales in 2014 from 4,367 sales in September 2013)
  • September single-family median prices remained flat year-over-year at $325,000.
  • September condo sales down 5.1% and median prices down 0.3% ($305,000)
  • Inventory in September down 7.0% to 23,355 and condominiums available down 22.3% to 5,336
  • SF listings added to the market in September up 3.9% over last year. (7,295 from 7,024 in 2013)
  • Condo listings added to the market down 3.5% over last year. (2,466 from 2,555 in 2013)

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