Masaschusetts Pending Sales are Up for the Month of October!

The Massachusetts Association of Realtors reported that pendings sales for single family homes and condominiums are up for the month October!

The way folks celebrate a World Series Championship here in Massachusetts, one could reasonably assume that homes put under agreement could possibly go down in October. However, despite all that revelry and that “little” federal government shutdown, pending sales went up for the 8th straight month and the 28th month out of the last 29.

Here are the highlights:

·  Single-family pending home sales were up 17.1% compared to October 2012

·  Single-family month-to-month pending home sales were up 11.5% from September 2013

·  Condo pending home sales were up 22% compared to October 2012

·  Condo pending month-to-month home sales were up 7.0% from September 2013

MAR releases December pending sales - Good News!

Great way to end the year!   Massachusetts Association of  REALTORS released the December and year-end 2012 pending home sales report for single-family homes and condominiums in Massachusetts. For the 20th straight month, homes put under agreement were up over the same month last year. For the complete year, the total number of homes put under agreement in 2012 significantly topped the number of homes put under agreement in 2011.

Here are the highlights:

§  Single-family pending home sales were up 15.6% compared to December 2011

§  Single-family month-to-month pending home sales were down 21% from November 2012

§  Condo pending home sales were up 5.6% compared to December 2011

§  Condo pending month-to-month home sales were down 14% from October 2012

2012 highlights:

§  2012 Single-family pending home sales were up 25% compared to 2011 (38,502 homes in 2011 vs. 48,064 homes in 2012)

§  2012 Condomimium pending home sales were up 26% compared to 2011 (14,893 homes in 2011 vs. 18,706 homes in 2012)

Mass Home Prices - biggest jump since June, 2010

The Massachusetts Association of REALTORS released the October 2012 sales report. Single-family median prices had the biggest monthly year-over-year jump since the final month to take advantage of the home buyer tax credit in June 2010. In addition, sales were up for the 16th  straight month compared to the same time last year. Condo median prices and sales both went up compared to October 2011.

 

Highlights from the release:

* Single-family home sales were up 22.1% compared to last year
* Single-family median prices were UP 4.4% ($287,000)
* Condo sales were up 34.8% compared to the same time last year
* The median price for a condo was UP 2.0% ($265,000) compared to last year