The Massachusetts Association of REALTORS (MAR) reported today that the number of single-family homes and condominiums put under agreement in September was up 26 percent compared with the same month last year.
This is the 17th straight month that the number of single-family homes and condominiums put under agreement increased from the previous year. Pending figures are a leading indicator of actual housing sales in Massachusetts for the following two to three months.
"September’s strong activity increases the likelihood that there will be several more months of positive sales growth heading into the New Year," MAR President Trisha McCarthy, a broker at Keller Williams Realty in Newburyport, said in a statement. "While the numbers decreased on a month-to-month basis, the year-over-year increases over last 10 months continue to be at least 25 percent or higher. This is further evidence of a healthier market."
The number of single-family homes put under agreement in September was up 26 percent compared with the same time last year (3,245 homes in 2011 to 4,091 homes in 2012), according to the Waltham-based realtors’ organization. It marks the 17th straight month of year-over-year increases, and the ninth straight month of double-digit year-over-year increases.
On a month-to-month basis, however, single-family homes put under agreement declined 13 percent from 4,717 homes in August. This is the second time in the last three months to experience a decrease.
The number of condos put under agreement in September was up 48 percent compared with September 2011 (1,058 units in 2011 to 1,570 units in 2012). This is the 10th straight month of double-digit year-over-year increases. On a month-to-month basis, however, condos put under agreement declined 11 percent from 1,761 units in August. This is also the second time in the last three months to experience a decrease.
