While November single-family mortgage activity dropped off slightly compared to last year, Massachusetts remains on pace to exceed both 2020 and 2019 levels.

Massachusetts had 4,792 single-family purchase mortgages in November, down 5.1 percent from 5,054 in November 2020 but up 15 percent from 4,167 in November 2019, according to data from The Warren Group, publisher of Banker & Tradesman.

Single-family purchase mortgage volumes increased over both years, reflecting the effects of sale prices. Volumes for November totaled $2.4 billion, up 4.3 percent from November 2020, which had volumes of $2.3 billion. Compared to pre-pandemic activity of $1.6 billion in November 2019, volumes were up 47 percent.

Year-to-date through November, the state has had single-family purchase volumes of $25.48 billion, up 16 percent from $21.85 billion during the same time period in 2020 and up 29.3 percent compared to the first 11 months of 2019, when single-family volumes were $19.7 billion.

The median year-to-date single-family sale price was $510,000, up 14.6 percent compared to 2020 and 27.5 percent compared to 2019. The median sale price in November was also $510,000.

The state had 50,833 single-family purchase mortgages through November, up 3.4 percent compared to the first 11 months of 2020 and 4 percent compared to January through November of 2019.

Condominium purchase mortgages in November exceeded both 2020 and 2019 activity. Massachusetts had 1,780 condominium purchase mortgages in November, up 10.7 percent from November 2020 and 26.2 percent from November 2019.

Year-to-date through November, the state has seen 19,976 condominium purchase mortgages, up 25.3 percent compared to the first 11 months of 2020. Activity this year has also exceeded pre-pandemic levels, with condominium purchases up 18.8 percent compared to January through November of 2019.

Condominium purchase volumes year-to-date through November were at $8.79 billion in Massachusetts, up about 40 percent over the same time period in 2019 and 2020.

The median year-to-date condominium sale price was $455,000, up 9.6 percent compared to 2020 and 19.7 percent compared to 2019.

Refinance activity is on pace to exceed last year’s activity, with Massachusetts seeing $159.3 billion in refinances for all residential property types during the first 11 months of 2021, up 36.2 percent from the same time period in 2020 and 64.8 percent compared to January through November of 2019.