Massachusetts Pending Sales Are Up!

Pendings Sale for April

Despite the low inventory of homes for sale, buyers made a huge push in April to make offers on homes. In fact, the push was so huge that more single-family homes were put under agreement in April 2013 than in any month since MAR began tracking pending home sales data in January 2004. While condos didn’t hit an all-time high, they did hit their 2nd highest total.

Link to April 2013 Pending Sales News Release

Here are the highlights:

• Single-family pending home sales were up 32.8% compared to April 2012 – biggest increase since April 2010 (last month of tax credit)
• 5,948 is the most homes ever put under agreement in any one month
• Condo pending home sales were up 37.4% compared to April 2012
• 2.435 is the 2nd most condos put under agreement in any single month (March 2005 – 2,501 units was the most)

This information is provided by the Massachusetts Association of Realtors

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)