Number of single-family homes for sale remained at record monthly lows while condominiums increased for the fourth straight month
by Eric Berman - email@example.com - 781-839-5507
WALTHAM, Mass. – May 22, 2019 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for single-family homes and condominiums increased year-over-year from April of 2018. This month saw a two and a half percent increase in median price for single-family homes and less than a one percent increase in median price for condominiums compared to last year. April also saw the lowest number of single-family homes for sale in the month of April since MAR began reporting the data in 2004. However, this is the fourth month in a row of year-over year condominium inventory increases.
April 2019 Closed Sales:
“Buyers continued to push the market forward in April with both single-family and condo sales increasing,” said 2019 MAR President Anne Meczywor, broker/associate at Roberts & Associates Realty Inc. in Lenox. “While prices are still historically high, they are starting to moderate somewhat with only small increases from last year.”
April Inventory and Days on Market:
“With four straight months of year-over-year increases in the number of condos for sale, we can certainly say this is a positive trend,” said Meczywor. “However, we need more new listings added to the market to meet demand going forward.”
About the Massachusetts Association of Realtors®:
Organized in 1924, the Massachusetts Association of Realtors® is a professional trade organization with more than 25,000 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.
Editors and reporters: Please note that the term Realtor® is properly spelled with an initial capital “R”, per the Associated Press Stylebook.