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Massachusetts Real Estate Housing Data


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2017 Profile of Home Buyers and Sellers Massachusetts -
Now Available

- Executive Summary


2018 Closed Sales Data
Executive Summaries
January
February
March
April
May
June
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

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

Recent Housing Data News Releases

Median Price for Condos Rises Higher than Single-Family Homes in Massachusetts

by Eric Berman - eberman@marealtor.com - 781-839-5507 | Apr 25, 2018

Inventory remains at record lows as the number of single-family homes for sale remains below 10,000 for fourth straight month 

WALTHAM, Mass. – April 25, 2018 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for both single-family homes and condominiums fell in March while median prices went up. The median price for condominiums in March was $10,000 more than single-family homes for the first time since MAR began recording the data in 2004. This is the fourth month in a row that the number of single-family homes for sale has been below the 10,000 mark, an unprecedented low number. 

March Closed Sales: 

Single-Family

March2018

March2017

%Change

Sales

3,354

3,679

-8.8%

Median Price

$369,000

$350,000

+5.4%

  • Closed sales have been down or flat nine out of the last 12 months 

  • Median prices have been up or flat for 28 out of the last 29 months 

Condominium

March2018

March2017

%Change

Sales

1,450

1,654

-12.3%

Median Price

$389,900

$335,000

+16.4%

  • Closed sales have been down for seven or flat out of the last 12 months 

  • Median prices have been up or flat for 28 out of the last 29 months 

“In real estate we know it's all about location, location, location,” said 2018 MAR President Rita Coffey, general manager of CENTURY 21 Tullish & Clancy in Weymouth. “Today we know that land and square footage might not be the biggest predictor of how much your home is worth. This is why we see condos in hot neighborhoods selling for more than single-family homes state-wide.”    

Inventory and Days on Market:  

Single-Family

March2018

March2017

%Change

Inventory

9,683

13,796

-29.8%

Months of Supply

2.0

2.9

-31.0%

Days on Market

80

91

-12.1%

New Listings

5,903

7,148

-17.4%

  • 73rd time in the last 74 months of year-over-year inventory decreases  

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

Condominium

March2018

March2017

%Change

Inventory

2,868

4,124

-30.5%

Months of Supply

1.5

2.2

-31.8%

Days on Market

57

66

-13.6%

New Listings

2,361

2,799

-15.6%

  • Inventory down or flat for 28 out of the last 29 months 

  • Lowest number of condos for sale in the month of March 

"Realtors® and their buyer clients especially want to see new listings come onto the market at the start of the spring market,” said Coffey. “Unfortunately, new listings are not keeping up with the demand.” 

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.