Buyer Demand Keeps Pending Sales Strong in January

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Ongoing buyer demand pushed pending home sales up in January more than 10 percent compared to the same time last year. Realtors® confidence both in the market and in home prices was positive in January.

January Pending Sales:

Single Family January 2017 January 2016 % Change
Sales 3,600 3,254 10.6%
Median Price $354,000 $329,700 7.4%
  • Pending sales have been up 46 of the last 47 months
Condominium January 2017 January 2016 % Change
Sales 1,524 1,278 19.2%
Median Price $330,000 $310,000 6.5%
  • Pending sales have been up 16 of the last 17 months

Realtor® Market and Price Confidence Indexes:

Confidence Index January 2017 January 2016 %Change
Market 69.63 66.98 4%
Price 75.19 73.32 2%
  • The Realtor® Market Confidence Index was up for the 10th 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 January 2017 Future Indicators Report.

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.

What’s being said in the media: November 2015 Future Indicators Report

Here are the articles and posts that resulted in the release of our November 2015 Future Indicators Report. We’ll continue to update this post as more articles come in.

Tuesday, December 8, 2015

November home sales up nearly 39 percent
Worcester Business Journal

Buyers ‘gobbled’ up homes in November
Cape & Plymouth Business Magazine

Only Leaves Came Down in October as Pending Home Sales were up Again on Strong Buyer Activity

Oct Pending SalesNeither leaf peeping, leaf raking or any other fall activity kept buyers from viewing and making offers on homes in October as pending home sales were up 32 percent from the same month last year. REALTORS’® confidence in the market was high in October as the REALTOR® Market Confidence and Price Indexes were both up from October 2014.

October Pending Sales:

Single-Family October 2015 October 2014 %Change
Sales 5,782 4,375 32.2%
Median Price $335,000 $325,000 3.1%
  • Pending sales have been up 31 of the last 32 months
Condominium October 2015 October 2014 %Change
Sales 2,054 1,646 24.8%
Median Price $315,000 $300,000 5.0%
  • Pending sales have been up 31 of the last 32 months

PendingOct15

Confidence Index October 2015 October 2014 %Change
Market 65.53 53.62 22%
Price 68.79 65.11 6%
  • The RMCI was up for the seventh 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 October 2015 Future Indicators Report release.

 

 

Massachusetts Home Buying Remains Strong through ‘Back-to-School’ Season in September

Pending SalesThe traditional “back-to-school” season didn’t slow buyer activity in September as pending home sales went up over 35 percent from the same month last year. REALTORS® confidence in the market was high in September as the REALTOR® Market Confidence and Price Indexes were both up from September 2014.

September Pending Sales:

Single-Family September 2015 September 2014 %Change
Sales 5,736 4,221 35.9%
Median Price $341,250 $325,000 5.0%
  • Pending sales have been up 30 of the last 31 months
Condominium September 2015 September 2014 %Change
Sales 1,927 1,650 16.8%
Median Price $305,000 $305,000 0.0%
  • Pending sales have been up 30 of the last 31 months

Sept2015pendingchart

Confidence Index September 2015 September 2014 %Change
Market 65.03 54.07 20%
Price 67.84 65.37 4%
  • The RMCI was up for the sixth straight month
  • The RPCI has been up four of the last 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 the full release: Massachusetts Home Buying Remains Strong through ‘Back-to-School’ Season in September