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Massachusetts Real Estate Housing Data


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2016 Profile of Home Buyers and Sellers Massachusetts -
Now Available

- Executive Summary


2017 Closed Sales Data
Executive Summaries
January
February
March
April
May
June
July
2016 Closed Sales Data

Executive Summaries
December
November
October
September
August
July
June
May
April
March
February
January

2015 Closed Sales Data
Executive Summaries
December
November
October
September
August
July
June
May
April
March
February
January

*The MAR housing data is collected using a live-data approach. Read more about the live-data approach
here.

Recent Housing Data News Releases

Massachusetts Median Home Prices Remain at the $400,000 Mark as Number of Homes for Sale Reach Lowest Level for July since 2004

by Eric Berman - eberman@marealtor.com - 781-839-5507 | Aug 22, 2017

WALTHAM, Mass. – August 22, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that the median price for a single-family home hit the $400,000 mark for the second month in a row in July. Single-family homes saw a dip in sales over last year, while condominiums sales rose slightly. Inventory also reached the lowest level for the month of July since MAR began recording the data in 2004.

July Closed Sales:

Single-Family

July 2017

July 2016

%Change

Sales

5,709

5,777

-1.2%

Median Price

$400,000

$380,000

+5.3%

  • This is the second month in a row median prices have reached $400,000 or higher
  • Closed sales have been down or flat seven out of the last 12 months
  • Median prices have been up or flat for 19 out of the last 20 months

Condominium

July 2017

July 2016

%Change

Sales

2,193

2,128

+3.1%

Median Price

$370,000

$358,950

+3.1%

  • Closed sales have been up or flat for seven out of the last 12 months
  • Median prices have been up or flat for 19 out of the last 20 months

“This is the second month in a row home prices in Massachusetts have been at or above the $400,000 mark, and we’re seeing it take a toll on the ability of some buyers to close transactions,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “The demand is still there, but it’s the combination of price and inventory that’s catching up to buyers who are on the cusp of buying their first home, which has helped cause the dip we saw in closed sales this month.”

Inventory and Days on Market:

Single-Family

July 2017

July 2016

%Change

Inventory

13,788

19,317

-28.6%

Months of Supply

2.9

4.1

-29.3%

Days on Market

50

76

-34.2%

New Listings

6,266

6,142

+2.0%

  • 65th time in the last 66 months of year-over-year inventory decreases
  • Lowest number of homes for sale in the month of July
  • New listings added to the market have been up for two out of the last 12 months

Condominium

July 2017

July 2016

%Change

Inventory

3,750

5.155

-27.3%

Months of Supply

2.0

2.9

-31.0%

Days on Market

45

59

-23.7%

New Listings

2,222

2,265

-1.9%

  • Inventory down for 19 out of the last 20 months
  • Lowest number of homes for sale in the month of July

“New listings are up for only the second time this year,” said Yorkis. “Hopefully new listings added to the market will continue go up. While it won’t solve our historically low inventory problem, it is still critically important to keep the market moving.”

About the Massachusetts Association of Realtors®: Organized in 1924, the Massachusetts Association of Realtors® is a professional trade organization with more than 24,000 members.  The term Realtor® is registered as the exclusive designation of members of the National Association of Realtors® who subscribe to a strict code of ethics and enjoy continuing education programs.

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Editors and reporters: Please note that the term Realtor is properly spelled with an initial capital “R”, per the Associated Press Stylebook.