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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 Tick Up in November Despite Continuing Inventory Lows

by Eric Berman - eberman@marealtor.com - 781-839-5507 | Dec 27, 2017

New listings added to the market went up for the straight fifth month

WALTHAM, Mass. – December 27, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for single-family homes rose half a percent in November, while prices rose more than four percent. Year-over-year condominium sales saw a hike of over 10 percent, with prices rising almost eight percent. Inventory dropped to a record low for the month of November.

 November Closed Sales:

Single-Family

November 2017

November 2016

%Change

Sales

4,799

4,776

+0.5%

Median Price

$384,000

$369,000

+4.1%

  • Closed sales have been up or flat eight out of the last 12 months
  • Median prices have been up or flat for 24 out of the last 25 months

Condominium

November 2017

November 2016

%Change

Sales

1,930

1,749

+10.3%

Median Price

$368,000

$341,000

+7.9%

  • Closed sales have been up or flat for nine out of the last 12 months
  • Median prices have been up or flat for 24 out of the last 25 months

“Prices have been increasing for two years and inventory continues to go down, but demand continues to be there,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “This isn’t something that is sustainable, yet it continues. We just need more inventory and we need more housing production to make that happen.”

Inventory and Days on Market:

Single-Family

November 2017

November 2016

%Change

Inventory

11,724

16,092

-27.1%

Months of Supply

2.5

3.4

-26.5%

Days on Market

65

73

-11.0%

New Listings

4,177

3,965

+5.3%

  • 69th time in the last 70 months of year-over-year inventory decreases
  • Lowest number of homes for sale in the month of November
  • New listings added to the market up in November for the fifth straight month.

Condominium

November 2017

November 2016

%Change

Inventory

3,398

4,583

-25.9%

Months of Supply

1.8

2.5

-28.0%

Days on Market

47

57

-17.5%

New Listings

1,692

1,566

+8.0%

  • Inventory down or flat for 24 out of the last 25 months
  • Lowest number of condominiums for sale in the month of November

“It is encouraging to see that new listings have been on the upswing the latter half of this year,” said Yorkis. “However, this is only one part of the inventory solution we need if we’re going to truly solve this problem.”

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.