Mass. Home Sales Continue to Flatten Out Despite Rising Inventory
Single-family home sales in Massachusetts continued to flatten out in April even as inventory of unsold homes continues to grow modestly.
Single-family home sales in Massachusetts continued to flatten out in April even as inventory of unsold homes continues to grow modestly.
The number of home sales rose 16 percent year-over-year last month, and the annual median single-family sale price ended the year up 7.9 percent.
The statewide median single-family sale price hit $600,000 in Massachusetts in November even as lower buyer demand – linked to election worries, in one observer’s eyes – kept year-on-year increases low.
Statewide sales of single-family and condominium homes are ticking up in the wake of an increase in home listings in many of Massachusetts’ housing markets while home prices also rose.
The Federal Housing Finance Agency has released its new conforming loan limits for 2024 and, for the first time in several years, Greater Boston is seeing a smaller increase than in past years as the housing market slows.
A new ad from the coalition opposed to the proposed 4 percent surtax on annual household income above $1 million is causing a stir and, with ballots already being cast, supporters are trying to combat what they see as “misinformation.”
Even as the median single-family and condominium sale prices set new records in May, signs emerged that buyers were pulling back.
Even without noting that Massachusetts is in the middle of the worst pandemic in 100 years, the pace of home sales has been nothing short of remarkable. Could it be possible that home sales will beat last year’s tallies?
Amid the statewide COVID-19 lockdown, the number of single-family home and condominium sales declined significantly on a year-over-year basis, according to a new report from The Warren Group, publisher of Banker & Tradesman.
The median sale price for single-family homes and condominiums increased in March on a year-over-year basis, with each median price exceeding $400,000 in the process.