Last month, there were 2,042 single-family home sales in Massachusetts, precisely flat versus the number that sold statewide in February 2023 according to new data from The Warren Group, publisher of Banker & Tradesman.
Meanwhile, the median single-family sale price increased 10 percent on a year- over-year basis to $548,250, up from $498,369 in February 2023 – a new all-time high for the month of February, The Warren Group said.
The report comes as the Greater Boston Real Estate Board’s president said more buyers appear to be out and about this spring and sellers “have become more aggressive in their pricing since the start of the year,” fueling more bidding wars.
What else is on tap today?
- Stadium Concerns: The MBTA’s plans for a Silver Line extension running past the proposed New England Revolution stadium site in Everett hasn’t diminished Boston Mayor Michelle Wu’s concerns about the project’s potential burdens.
- AG’s Milton Suit Gets Hearing: The case will be heard this year, but not until October, leaving many towns that need to comply with the MBTA Communities law in limbo.
- New Parcel 12 Retail Tenants: Electric vehicle manufacturer Rivian will anchor the storefronts at the Samuels & Assoc. air rights development on the western edge of Back Bay.
- New CU CEO: Holyoke Credit Union has named its new leader: Longtime EVP James T. Wolohan.
Show me the data!
Here’s what the monthly volume of single-family mortgages is doing.
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- It’s become increasingly clear that the MBTA Communities housing law is no silver bullet. So why not make new housing a profit center for towns and suburbs, rather than a perceived drag?
- Local officials are getting creative with efforts to prevent development of new housing within their borders in this week’s editorial cartoon. Just answer these riddles, solve this Rubik’s cube, then….
- Young people have many options when it comes to homeownership – perhaps too many. Should they get married first or buy their first home? Buy a dream car or a house? Find a dream house or a dream mortgage rate?
