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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
July
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 Closed Sales of Single-Family Homes Tops $400,000 in May for First Time in 2018

by Eric Berman - eberman@marealtor.com - 781-839-5507 | Jun 27, 2018

WALTHAM, Mass. – June 27, 2018 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for single-family homes fell in May while the median price rose over the $400,000 mark for the first time in 2018. The median price for a single-family home rose over $400,000 for the first time ever in June 2017. Condominium sales also fell over last year while the median price rose almost four percent.  The number of homes for sale reached the lowest level for the month of May since MAR began recording the data in 2004. 

May Closed Sales:  

Single-Family

May 2018

May 2017

%Change

Sales

4,856

5,083

-4.5%

Median Price

$405,000

$383,000

+5.7%

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

  • Median prices have been up or flat for 30 out of the last 31 months  

  

Condominium

May 2018

May 2017

%Change

Sales

2,058

2,110

-2.5%

Median Price

$384,371

$370,000

+3.9%

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

  • Median prices have been up or flat for 30 out of the last 31 months  

“We've passed the $400,000 mark for median price on closed home sales a month earlier than we did last year,” said 2018 MAR President Rita Coffey, general manager of CENTURY 21 Tullish & Clancy in Weymouth. “Continued inventory shortages along with buyer demand may send prices to record levels this summer.”     

Inventory and Days on Market:   

Single-Family

May 2018

May 2017

%Change

Inventory

13,427

16,416

-18.2%

Months of Supply

2.8

3.5

-20.0%

Days on Market

59

71

-16.9%

New Listings

9,934

9,120

+8.9%

  • 75th time in the last 76 months of year-over-year inventory decreases   

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

 

Condominium

May 2018

May 2017

%Change

Inventory

3,865

4,628

-16.5%

Months of Supply

2.0

2.5

-20.0%

Days on Market

46

53

-13.2%

New Listings

3,269

3,181

+2.8%

  • Inventory down or flat for 30 out of the last 31 months  

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

"Fortunately, new listings are coming on to the market to help mitigate the strain on inventory and rising prices,” said Coffey. “We're feeling positive that Governor Baker's Housing Choice Initiative, or H.4290 An Act to promote housing choices, that we've supported will pass the legislature and be a good start to solving this problem in the Commonwealth.”  

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.