What matters more – the number of sales or the price?

I read a report recently listing the 25 “hottest” real estate markets in Massachusetts, ranked by the percentage increase in sales. This raises the question: what matters more – the number of sales or the price?

One argument is that a big increase in home sales is a strong indicator that it is “becoming a sought-after location for homeowners”—in other words, a “hot” market.

So let’s look at 2015 and compare the hottest 25 with the State overall (note these numbers include SFHs, condos and multi-families, and are the median numbers):

There is always a wide range of price and sales increases or decreases, but I note that only 1 of the 25 hottest towns had an increase in double figures, while 5 recorded decreases in the median price.

Overall, the 25 hottest towns did somewhat better than the State, which is good news – especially for the real estate agents selling those extra properties.

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.

Read Which broker should I choose to sell my home?

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

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