Dip in Closed Home Sales for Month of May as Median Prices Hit All-Time High

Front Porch Of Resedential Home With Autumn DecorationsToday both single-family and condominium saw a slight dip in sales in May from last year. Despite the drop, median home prices for both single-family homes and condominiums hit new all-time highs. Inventory also reached the lowest level for the month of May since MAR began recording the data in 2004.

Read more in the full May 2017 Closed Sales Release.

  • May single-family home sales went down -2.3% over last year (4,930 sales in 2017 from 5,047 sales in May 2016)
  • May single-family median prices went up 9.2% year-over-year (to $385,000 in 2017 from $352,700 in May 2016)
  • May condo sales went down -0.3% and median prices went up 7.9% (to $369,950)
  • Inventory in May went down -30.6% to 13,918 and condominiums available down -26.3% to 3,876
  • SF listings added to the market in May went up 4.1% over last year. (8,968 from 8,611 in 2016)
  • Condo listings added to the market went up 9.8% over last year. (3,125 from 2,846 in 2016)

Closed Home Sales Down in April After Record Inventory Lows and Rising Prices

Front Porch Of Resedential Home With Autumn DecorationsLow inventory and rising prices caught up to the spring market, with single-family home sales decreasing over eight percent from this time last year. Both single-family and condominium prices saw a hike. Condominium sales decreased almost 10 percent from April 2016.

Read more in the full April 2017 Closed Sales Release.

  • April single-family home sales went down -8.5% over last year (3,735 sales in 2017 from 4,082 sales in April 2016)
  • April single-family median prices went up 3.6% year-over-year (to $362,500 in 2017 from $349,900 in April 2016)
  • April condo sales went down -9.5% and median prices went up 4.6% (to $345,000)
  • Inventory in April went down -31.8% to 13,234 and condominiums available down -28.4% to 3,729
  • SF listings added to the market in April went down -9.5% over last year. (7,706 from 8,513 in 2016)
  • Condo listings added to the market went down -11.1% over last year. (2,640 from 2,971 in 2016)

Spring Market Blooming Despite Ongoing Inventory Shortage and High Prices

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The number of closed single-family home sales were up more than two percent over March 2016, with median price also seeing a hike. This is despite the month seeing the lowest number of homes for sale since MAR began recording the data in 2004. Condominium sales and price also rose over last year. 

Read more in the full March 2017 Closed Sales Release.

  • March single-family home sales went down 2.1% over last year (3,615 sales in 2017 from 3,540 sales in March 2016)
  • March single-family median prices went up 6.6% year-over-year (to $350,000 in 2017 from $328,375 in March 2016)
  • March condo sales went up 11.3% and median prices went up 8.2% (to $334,950)
  • Inventory in March went down -34.4% to 11,892 and condominiums available down -30.8% to 3,478
  • SF listings added to the market in March went down -13.5% over last year. (7,180 from 8,300 in 2016)
  • Condo listings added to the market went down -7.0% over last year. (2,785 from 2,995 in 2016)


Falling Inventory and Rising Prices Finally Catch Up to Closed Home Sales in February

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Plummeting inventory caused single-family closed sales to dip year-over-year in February, as prices continued to rise. This is the 12th straight month of year-over-year increases in median price. Condominium sales also fell compared to last year, while prices saw another increase.

Read more in the full February 2017 Closed Sales Release.


Highlights from the release:

      • February single-family home sales went down -11.0% over last year (2,519 sales in 2017 from 2,830 sales in February 2016)
      • February single-family median prices went up 6.8% year-over-year (to $330,000 in 2017 from $309,000 in February 2016)
      • February condo sales went down -8.8% and median prices went up 7.9% (to $313,000)
      • Inventory in February went down -34.9% to 11,409 and condominiums available down -29.3% to 3,275
      • SF listings added to the market in February went down -12.9% over last year. (4,369 from 5,018 in 2016)
      • Condo listings added to the market went down -10.6% over last year. (1,715 from 1,919 in 2016)

Massachusetts Real Estate Market Starts Strong in 2017

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The 2017 real estate market started strong with the most closed home sales in a January since MAR began recording the data in 2004. Continuing buyer demand pushed closed sales up more three percent over last year. Single-family median prices also saw a hike over last year. Condominium sales and median price closed up in January as well.

Read more in the full January 2017 Closed Sales Release.


Highlights from the release:

      • January single-family home sales went up 3.2% over last year (3,400 sales in 2017 from 3,294 sales in January 2016)
      • January single-family median prices went up 7.4% year-over-year (to $354,000 in 2017 from $329,700 in January 2016)
      • January condo sales went up 4.1% and median prices went up 6.5% (to $330,000)
      • Inventory in January went down -33.6% to 11,259 and condominiums available down -29.1% to 3,211
      • SF listings added to the market in January went down -1.8% over last year. (4,167 from 4,242 in 2016)
      • Condo listings added to the market went up 9.9% over last year. (1,805 from 1,642 in 2016)

Massachusetts Home Sales Flat in December After a Strong Year

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December closed out with single-family home sales essentially at the same pace as last year. Eleven of the 12 months of the year saw an increase in home sales over 2015. Median prices were also up for 10 straight months as home values reached new highs. Condominium sales were down in December, after a year of mostly increases. Overall, 2016 was a positive year for home sales in Massachusetts as both year-end single-family and condominium sales and median prices were up over 2015.

Read more in the full December 2016 Closed Sales Release.

Highlights from the release:

      • December single-family home sales remained essentially flat over last year. (4,779 sales in 2016 from 4,805 sales in December 2015)
      • December single-family median prices went up 3.6% year-over-year (to $355,000 in 2016 from $342,500 in December 2015)
      • December condo sales went down -2.5% and median prices went up 4.6% (to $338,500)
      • Inventory in December went down -35.5% to 11,447 and condominiums available down -31.3% to 3,164
      • SF listings added to the market in December went down -12.7% over last year. (2,453 from 2,810 in 2015)
      • Condo listings added to the market went down -11.0% over last year. (940 from 1,056 in 2015)