Homeowners continued to hold off from putting their homes on the market last month, putting a squeeze on buyers even as stabilizing mortgage rates appeared to draw more of the latter out of the woodwork, according to a trio of new data releases about the Massachusetts housing market.
High mortgage rates and low inventory helped simultaneously support a rise in the state’s median home prices in February while giving a further kick to the total numbers of homes sold, experts say.
Home sales activity plunged again in January, new data shows, but an uptick in pending sales has some observers wondering if buyer demand will return this spring stronger than fall’s weak showing.
The tail end of Massachusetts’ fall home sales are finally winding their way through the closing process, and the results aren’t pretty: numbers of single-family and condominium sales are down by big double-digit percentages year-over-year.
Massachusetts homebuyers and sellers kept staying away from the housing market last month – so many, in fact, that the number of closed single-family sales was lower than October since the Great Recession ended in 2012.
Single-family home and condo sales declined across Massachusetts in September as mortgage rates rose, while inventory remains in short supply and a leading Realtor says Greater Boston’s sellers’ market has come to an end.
The market has cooled in Massachusetts after being confronted with high prices and rising mortgage rates, according to a new report from The Warren Group, publisher of Banker & Tradesman.
The median sale price for single-family homes reached $610,000 in June, according to The Warren Group, publisher of Banker & Tradesman, the first time the figure has broken $600,000.
Even as the median single-family and condominium sale prices set new records in May, signs emerged that buyers were pulling back.
The number of home sales across Massachusetts took another hit last month – typically the heart of the busy spring homebuying season – as prices for single-family homes hit an all-time high according to new data from The Warren Group, publisher of Banker & Tradesman.
Massachusetts’ home sales figures slid downward for yet another month in March, as the state’s housing shortage and rising interest rates continued to bite.
Massachusetts single-family home and condominium sales declined by double digits in February as supply continued to fail to keep up with demand, according to a new report from The Warren Group.
As the new year opened, fewer homes were for sale in Massachusetts than at any time in the last 23 years, helping send the median single-family and condominium sale prices to record highs for yet another month.
The median sale price for both single-family homes and condominiums set new records in December as sales volumes declined by double digits on a year-over-year basis, according to a new report from The Warren Group, a leading provider of real estate and transaction data.
The median sale price for both single-family homes and condominiums continued to set records in November as sales declined
Clearly, demand for homes isn’t letting up in Massachusetts, regardless of the price. And how long this will go on is anyone’s guess, with conditions shaping up for another hot real estate market next spring.
Massachusetts home sales totals in October were consistent with pre-pandemic levels as buyer behavior continued its return to normal cycles, real estate experts said. At the same time, though, inventory remained depressed forcing prices significantly higher.
As inventory levels across Massachusetts continued to shrink, the median sale price for both single-family homes and condominiums climbed in September on a year-over-year basis, according to a new report from The Warren Group, publisher of Banker & Tradesman.
The median sale price for both single-family homes and condominiums increased in August on a year-over-year basis as inventory levels across Massachusetts continued to dwindle, according to a new report from The Warren Group, a leading provider of real estate and transaction data.
Massachusetts saw a slight downturn in the number of single-family houses sold last month compared to the pre-pandemic norm, leaving some observers to question whether the pool of potential homebuyers has shrunk, and others to conclude the let-up is only temporary.
