Pending Home Sales Jump in November as Prices Rise Again

Single-family pending home sales rose over 12 percent this month from November of last year, with prices rising over four percent. Pending condominium sales were also up, rising more than two percent over last year, while prices increased slightly. Realtors® confidence in the market was up almost 20 percent in November, while confidence in prices raised only slightly over last year.

November Pending Sales:

Single Family November 2017 November 2016 % Change
Sales 4,359 3,871 12.6%
Median Price $385,000 $369,000 4.3%
  • Pending sales up for 11 out of the last 12 months
Condominium November 2017 November 2016 % Change
Sales 1,895 1,854 2.2%
Median Price $349,000 $345,000 1.2%
  • Pending sales up for nine out of the last 12 months

Read more in the November 2017 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.

Confidence in Market Very High as Pending Home Sales Hits Another Record for the Month of April

pendingsales_gradientFBHome sales momentum from the winter has continued into the spring, as April pending home sales increased just over 30 percent from last year. Realtors® confidence in the market increased to the highest level since May 2013 after a year of steady increases.

April Pending Sales:

Single Family April 2016 April 2015 % Change
Sales 7,139 5,477 30.3%
Median Price $350,688 $325,000 7.9%
  • Pending sales have been up 37 of last 38 months
  • Most pending sales in the month of April since 2004

 

Condominium April 2016 April 2015 % Change
Sales 2,782 2,448 13.6%
Median Price $329,628 $305,000 8.1%
  • Pending sales have been up 37 of the last 38 months

 

REALTOR® Market and Price Confidence Indexes:

Confidence Index April 2016 April 2015 %Change
Market 82.88 82.28 0.73%
Price 76.71 80.66 -4.89%
  • The Realtor® Market Confidence Index was up for the 13th straight month
  • The Realtor® Price Confidence Index was down for the fifth 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 April 2016 Future Indicators Report release.

What’s being said in the media: January 2016 Future Indicators Report

what's being said in the media 2016These articles and posts resulted in the release of our January 2016 Future Indicators Release. We’ll continue to update this post as more articles come in.

Tuesday, February 9, 2016

Mild Weather and Strong Buyer Demand Result in Robust Start to the Year in Pending Home Sales
Cape & Plymouth Business Magazine

Mild winter gives 2016 housing market a jump-start
Boston.com

Finally, take a look at this Boston.com article using data from the 2015 Profile of Home Buyers and Sellers Massachusetts report from the National Association of Realtors®.

How first-time homebuyers are managing in Massachusetts
Boston.com

An Unseasonably Warm December Kept Market Hot as Pending Home Sales Were Up Again

Dec_pending_blogtitleA record mild December allowed for increased buyer activity last month as pending home sales were up 34 percent from the same month last year.

Median prices increased slightly year over year, while condo prices remained flat. Year-end data showed that overall pending home sales were up in 2015 over last year despite the low number of homes for sale.

Realtors’® confidence in the market was positive again in December.

December Pending Sales:

Single-Family December 2015 December 2014 %Change
Sales 3,537 2,635 34.2%
Median Price $345,000 $330,000 4.5%
  • Pending sales have been up 33 of the last 34 months
Condominium December 2015 December 2014 %Change
Sales 1,217 936 30.0%
Median Price $319,000 $320,000 -0.0%
  • Pending sales have been up 33 of the last 34 months
    pendingDec15
Confidence Index December 2015 December 2014 %Change
Market 59.76 50.00 20%
Price 70.43 70.25 0%
  • The RMCI was up for the ninth straight month
  • The RPCI was up or flat for the fourth 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 December 2015 Future Indicators Report release.