MABA logo child
 
MABA In the News

WALTHAM, Mass. – March 14, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that ongoing buyer demand pushed pending sales up three percent over last year. Pending sales have been up 47 of the last 48 months, marking almost four years of positive gains in single family homes put under agreement. Realtors® confidence both in the market and in home prices was positive in February. 

 February Pending Sales:  

Single Family February 2017 February 2016 % Change
Sales 3,967 3,852 3.0%
Median Price $330,000 $309,000 6.8%
  • Pending sales have been up 47 of the last 48 months  
Condominium February 2017 February 2016 % Change
Sales 1,558 1,566 -0.5%
Median Price $313,000 $290,000 7.9%
  • Pending sales have been up or flat 17 of the last 18 months  

“Buyers have been tireless these past four years, showing that the desire to live and work in Massachusetts is strong despite dwindling inventory and rising prices,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway.  

 Realtor® Market and Price Confidence Indexes:  

Confidence Index February 2017 February 2016 %Change
Market 75.20 68.66 10%
Price 77.00 75.70 2%
  • The Realtor® Market Confidence Index was up for the 11th straight month
  • Measured on a 100-point scale, a score of 50 is the midpoint between a “strong” (100 points) and a “weak” (0 points) market condition  

“This is the highest recording Market Confidence Index for the month of February since we began recording the data in 2008,” said Yorkis. “This speaks to the strength of the market this past year, as well as looking ahead to the spring market of 2017."  

The Massachusetts Association of Realtors® (MAR) reported today that ongoing buyer demand pushed pending home sales up in January more than 10 percent compared to the same time last year. Realtors® confidence both in the market and in home prices was positive in January.

 January Pending Sales: 

Single Family January2017 January2016 % Change
Sales 3,600 3,254 10.6%
Median Price $354,000 $329,000 7.4%
  • Pending sales have been up 46 of the last 47 months
Condominium January2017 January2016 % Change
Sales 1,524 1,278 19.2%
Median Price $330,000 $310,000 6.5%
  • Pending sales have been up 16 of the last 17 months 

“While the country seems to be in flux in so many ways, buyers are ignoring those distractions and pushing on to make offers on homes,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “The strong desire to live and work in Massachusetts is requiring buyers to be laser-focused on making the best offer they can when they finally find that home.”  

Realtor® Market and Price Confidence Indexes: 

Confidence Index January 2017 January 2016 %Change
Market 69.63 66.98 4%
Price 75.19 73.32 2%
  • The Realtor® Market Confidence Index was up for the tenth straight month  
  • Measured on a 100-point scale, a score of 50 is the midpoint between a “strong” (100 points) and a “weak” (0 points) market condition  

“This is the highest we’ve seen the Price Confidence Index since April of last year,” said Yorkis. “This, taken with the high confidence in the market, demonstrates that Realtors® are feeling positive for the coming year.” 

To have the best possible homebuying experience in this competitive market, work with an agent who is a member of the Massachusetts Association of Buyer Agents.

 
 
 

Latest from the Blog

  • Pending Sales for Massachusetts Homebuyers Maintain Steady Year-Over-Year Increases for Almost Four Years This February

    WALTHAM, Mass. – March 14, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that ongoing buyer demand pushed pending sales up three percent over last year. Pending sales have been up 47 of the last 48 months, marking almost four years of positive gains in single family homes put under agreement. Realtors® confidence both in the market and in home prices was positive in February. 

     February Pending Sales:  

    Single Family February 2017 February 2016 % Change
    Sales 3,967 3,852 3.0%
    Median Price $330,000 $309,000 6.8%
    • Pending sales have been up 47 of the last 48 months  
    Condominium February 2017 February 2016 % Change
    Sales 1,558 1,566 -0.5%
    Median Price $313,000 $290,000 7.9%
    • Pending sales have been up or flat 17 of the last 18 months  

    “Buyers have been tireless these past four years, showing that the desire to live and work in Massachusetts is strong despite dwindling inventory and rising prices,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway.  

     Realtor® Market and Price Confidence Indexes:  

    Confidence Index February 2017 February 2016 %Change
    Market 75.20 68.66 10%
    Price 77.00 75.70 2%
    • The Realtor® Market Confidence Index was up for the 11th straight month
    • Measured on a 100-point scale, a score of 50 is the midpoint between a “strong” (100 points) and a “weak” (0 points) market condition  

    “This is the highest recording Market Confidence Index for the month of February since we began recording the data in 2008,” said Yorkis. “This speaks to the strength of the market this past year, as well as looking ahead to the spring market of 2017."