The median price for single-family homes in Massachusetts rose to $313,000 in April, a near 14 percent increase compared to the same time last year as increased buyer demand and a tight housing inventory pushed up home values, new data released Wednesday shows.
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To shore up their dominance in the information and analytics sector, CoreLogic has shelled out $6M for Case-Shiller, one of the most respected real estate indicators in the sector.
Read More »There’s no question about it, the operative theme of the 2013 housing market isrestricted supply. Ever since the bubble burst in 2006, we’ve been hearing about the dangers of over supply, of the massive “shadow inventory” out there. Yet we’re living in a vastly different reality. There are 40% fewer homes on the market now than there have been during February in the last few years.
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– The Massachusetts Association of REALTORS® (MAR) reported today that February pending home sales were positive for the 22nd straight month compared to the year before, but winter weather kept gains modest. Pending sales figures (also called homes under agreement) are a leading indicator of actual housing sales in Massachusetts for the following 2-3 months.
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My favorite Agent Genius Blogger Tara’s excellent national real estate analysis provides terrific context as I begin to post year end local analysis. Anyone can use figures to come up with most any result but clearly consensus is that nationally we are on the road to a housing recovery…and locally we are in much better [...]
Read More »A repost of Jennifer McKim’s article in the Boston Globe follows. It shows significant evidence that we are in a real estate recovery even in the broader Massachusetts market. We have been experiencing The Recovery in downtown Boston and on the outer Cape for months now, but this broader evidence is very welcome news as we enter the NewYear.
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The Big Number is 21%. That’s the increase in condo sales in Boston at the end of the 3rd quarter, September 30. Combined, all Boston neighborhoods saw a 21% increase in the number of condo sales year to date, a 3% increase in the average price of a condominium sold to $545K, and an 8% increase in the median sales price to $409K. This real estate market is healthy except for the continuing decrease in inventory levels. Inventory levels of available condo’s for sale have fallen 41% to 919 properties for sale versus 1,567 at this time last year.
Read More »Fewer than half the buyers out there – 46 percent – actually believe it is a good time to be house hunting, according to the online brokerage firm.
That’s a big shift from the first quarter, when hopes for deals and bargains was much higher among buyers as the spring sales season approached. Back then, 56 percent said it was good time to buy, Redfin notes.
Massachusetts single-family home sales rose nearly 27 percent on a year-over-year basis in July, according to The Warren Group.
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