Pending home sales across the state climbed for the 21st straight month in November, the Massachusetts Association of Realtors (MAR) reported.  According to MAR’s November Future Indicators Report, there was a 20.2 percent increase in accepted offers since same time last year. Median price of accepted contracts was up to $330,000, from $316,000 in November 2013.   

November single-family pending sales rose to 3,872 compared with 3,222 in November 2013.

Condominium pending sales rose to 1,453 in November 2014, compared with 1,330 in November 2013, an increase of 9.2 percent.

"Buyers took advantage of the lowest interest rates of the year and stable prices to push pending home sales up for another month in November," 2014 MAR President Peter Ruffini, regional vice president at Jack Conway & Co. in Norwell, said in a statement. "More new listings added to the market is welcome news for buyers."

Despite the strong rise in accepted offers, agent’s confidence in the strength of the market took another dive in November, with MAR’s Realtor Market Confidence Index dropping 16 percent compared to the same time last year, to 47.74 from 56.8 in November 2013. Realtors were worried about prices continuing their rise, with the Realtor Price Confidence Index slipping 4 percent to 67.54 in November compared to 70.6 in November 2013.

This is the 13th straight month that the confidence index has declined, and the eighth-straight month that the price index has declined. Index numbers greater than 50 indicate belief in strong market conditions.