Massachusetts median Single Family Home price up 10.5% in April
The Massachusetts Association of Realtors (MAR) released its April report this week.
Sales of Single Family Homes (SFHs) eased 1% from a year ago, the third straight month of slight year over Year (YOY)declines, caused by the shortage of homes available for sale.
But… April saw a big jump in new listings (it’s called Spring) which, according to MAR, should help the market move closer to being balanced.
Days on Market (DOM)for SFHs was 110 in April 2013, down from 126 a year ago.
Inventory at the end of April was down 27% YOY and represented 5.6 months of supply, vs 9 months a year ago and up from 5.3 months in March.