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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
August
September
October
November
December (revised)
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

Home Sales Down in December and Down for 2017

by Eric Berman - eberman@marealtor.com - 781-839-5507 | Jan 24, 2018

Inventory reached records lows for the month of December  

WALTHAM, Mass. – January 24, 2018 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for single-family homes fell over eight percent in December, while prices rose more than six percent. Condominium sales saw a drop of over eight percent in December as well, with prices rising over three percent. Inventory dropped to a record low for the month of December. 

December Closed Sales: 

Single-Family

December 2017

December 2016

%Change

Sales

4,336

4,736

-8.4%

Median Price

$382,000

$358,750

+6.5%

 

  • Closed sales have been down four out of the last 12 months 

  • Median prices have been up or flat for 25 out of the last 26 months 

 

Condominium

December 2017

December 2016

%Change

Sales

1,629

1,781

-8.5%

Median Price

$355,000

$342,500

+3.6%

 

  • Closed sales have been down for five out of the last 12 months 

  • Median prices have been up or flat for 25 out of the last 26 months 

 

“December was another case of lack of homes for sale driving the number of closed sales down and prices up,” said 2018 MAR President Rita Coffey, associate broker [general manager?] at CENTURY 21 Tullish & Clancy in Weymouth. “We need to resolve to find a way to produce more housing in 2018 if we’re going to see homes for sale go up and prices start to moderate.”  

 

“Rising prices and dwindling finally caught up to home buyers this December,” said 2018 MAR President Rita Coffey, associate broker at CENTURY 21 Tullish & Clancy in Weymouth. “We speculated the ongoing trends of 2017 weren't sustainable, and now we see closed sales coming down as a result to end the year." 

 

2017 Year-End Closed Sales: 

Single-Family

2017

2016

%Change

Sales

56,082

56,405

-0.6%

Median Price

$380,000

$360,000

+5.6%

 

 

Condominium

2017

2016

%Change

Sales

22,116

21,814

+1.4%

Median Price

$352,000

$335,000

+5.1%

 

Inventory and Days on Market:  

 

Single-Family

December 2017

December 2016

%Change

Inventory

9,101

12,990

-29.9%

Months of Supply

1.9

2.8

-29.9%

Days on Market

67

75

-10.7%

New Listings

2,348

2,373

-1.1%

 

  • 70th time in the last 71 months of year-over-year inventory decreases  

  • Lowest number of homes for sale in the month of December 

 

Condominium

December 2017

December 2016

%Change

Inventory

2,551

3,707

-31.2%

Months of Supply

1.4

2.0

-30.0%

Days on Market

52

61

-14.8%

New Listings

792

943

-16.0%

 

  • Inventory down or flat for 25 out of the last 26 months 

  • Lowest number of condominiums for sale in the month of December 

 2017 Year-End Inventory and Days on Market:  

Single-Family

2017

2016

%Change

Inventory (Monthly Avg.)

13,953

18,046

 

-29.3%

Months of Supply (Monthly Avg.)

3.0

3.8

 

-26.7%

Days on Market

65

86

-13.3%

New Listings

71,498

73,187

-2.3%

 

Condominium

2017

2016

%Change

Inventory (Monthly Avg.)

4,012

4,799

 

-19.6%

Months of Supply (Monthly Avg.)

2.2

2.6

 

-18.2%

Days on Market

53

67

-20.9%

New Listings

26,701

26,798

-0.4%

 

“Despite the record high prices and record low inventory, the market was very busy in 2017,” said Coffey. “Political news like the tax reform bill could have caused uncertainty, but this didn't slow down buyers’ resolve to want to live in Massachusetts.” 

 

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.