Massachusetts Pending Sales and Median Price Up Again in June

Single-family pending home sales were up over nine percent in June from last year. Pending condominium sales were also up more than 12 percent. The median price for both single-family homes and condos saw a hike, with the single-family median price rising over the $400,000 mark. Realtors® confidence both in the market and in home prices dipped slightly in June.

June Pending Sales:

Single Family June 2017 June 2016 % Change
Sales 6,723 6,128 9.7%
Median Price $410,000 $380,000 7.9%
  • Pending sales have been up 51 of the last 52 months
Condominium June 2017 June 2016 % Change
Sales 2,596 2,307 12.5%
Median Price $370,000 $349,900 2.9%
  • Pending sales have been up or flat 20 of the last 22 months

Realtor® Market and Price Confidence Indexes:

Confidence Index June 2017 June 2016 %Change
Market 80.73 80.97 -0.29%
Price 71.79 73.87 -2.82
  • The Realtor® Market Confidence Index went down for the first time in 27 months
  • The Realtor® Price Confidence Index went down for the first time in six 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 more in the June 2017 Future Indicators Report.