Pending Homes sales remain strong in Massachusetts

The Massachusetts Association of Realtors (MAR) reported this week that accepted offers in October for Single Family Homes (SFHs) increased 23.5% from October 2013, and for condos increased 14% year on year. These numbers represent the 20th consecutive month of year on year gains.

MAR also reports monthly changes in median prices – just under 2% year on year for both SFHs and condos. For many reasons I pay little attention to – and never report – monthly movements in prices, but I agree with the general thesis that prices have stabilized as they have returned to prior peak levels.

Here is the Future Indicators report.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty
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