Marketing & Statistics

Marketing & Statistics

Realtor® Study Finds Share of First-Time Home Buyers in Massachusetts Drops to Record Low...

First-time homebuyers are finding it increasingly difficult to locate a home in Massachusetts as home prices and low inventory have significantly increased competition in the market according to the 2016 Massachusetts Profile of Home Buyers and Sellers. The study found that the share of first-time homebuyers dropped to a low of 35 percent, which is the lowest share of first-time buyers since the Profile began collecting Massachusetts data in 2003.

Pending Home Sales and Market Confidence in Massachusetts Housing Market both up in December...

The Massachusetts Association of Realtors® (MAR) reported today that holiday cheer wasn’t the only thing in abundance in December as both the number of homes put under agreement and prices were up in the final month of the year. This was also true for condominiums put under agreement. This trend was mirrored in the year-end totals for 2016 compared to 2015. Realtors’® confidence in the market was positive again in December as their confidence in prices was down slightly.

Run-up to Election Didn’t Keep Home Buyers on Sidelines as November Sales and Prices...

The Massachusetts Association of Realtors® (MAR) reported today that buyers didn’t let the presidential election season keep them from buying homes this past fall as closed home sales were up nearly 20 percent in November compared to the same time in 2015. Both sales and median prices for single-family homes reached their highest levels for November since 2004. Inventory continued its downward trend dropping to its lowest level since January 2004. Median prices and sales both rose for condominiums this month.

Residents at the Berkshire Peak Apartments in Pittsfield Will See Extension of Affordability and...

Residents living at the 120-unit Berkshire Peak Apartments in Pittsfield will see the extension of affordability in perpetuity and moderate property improvements as a result of $10 million in MassHousing financing.

Homebuyers Stayed Focused in November and Pushed Pending Home Sales Up

Realtor® clients showing some concern with interest rates increasing  WALTHAM, Mass. – December, 14, 2016 – The Massachusetts Association of Realtors® (MAR) reported today that...

Massachusetts Pending Home Sales and Median Prices Up Across the Board in October

The Massachusetts Association of Realtors® (MAR) reported today that the number of homes put under agreement in October were up 15 percent from last year. Condominium pending sales were also up almost nine percent as prices for both property types continue to go up. The strong market was reflected in high Realtor® Market Confidence Index, while the Price Confidence Index remained essentially the same over last year

Slight Increases in Both Closed Sales and Prices Across the Board in August

The Massachusetts Association of Realtors® (MAR) reported today that home sales increased again over August of last year. Inventory decreases and ongoing buyer demand continue to push median prices up, nearing record highs for August. Condominium sales also closed slightly higher with median prices up from 2015

Home Sales Slow Down in the Dog Days of Summer

Trend of decreasing inventory and new listings continue to inflate prices WALTHAM, Mass. - August 23, 2016 — (RealEstateRama) -- The Massachusetts Association of Realtors®...

Markey Hails Decade of Success for Regional Greenhouse Gas Initiative

Marks the 10-year anniversary of the bipartisan Regional Greenhouse Gas Initiative (RGGI), when seven states in the Northeast and Mid-Atlantic originally came together and proposed the framework for the regional program that would cut carbon pollution from power plants by 37 percent while saving $395 million on customer utility bills thus far. In Massachusetts, since the RGGI market started in 2009, power plant emissions have gone down 34 percent, while Massachusetts’s Gross Domestic Product (GDP) increased by 25 percent.

Massachusetts Home Buyers Pushed Sales to Another Record for the Month of June

The Massachusetts Association of Realtors® (MAR) reported today that home buyers pushed home sales to another record for the month of June. While year-over-year increases were more modest compared to previous months, single-family home median prices hit $380,000 for the first time. Condominium sales also closed higher with median prices up from 2015.

Mayor Walsh Announces Support for Community Preservation Act

Further affirming his commitment to ensuring access to quality housing and open space, in a city that values and preserves its history, Mayor Martin J. Walsh today announced his support for the Community Preservation Act (CPA), which could provide a significant revenue stream to support affordable housing, historic preservation, and open space initiatives. The proposal, which is currently pending before the City Council, could potentially be placed on the ballot in Boston in November 2016.

Cummings and Warren Release GAO Report Highlighting Dramatic Growth of Nonbank Mortgage Servicers

United States Senator Elizabeth Warren (D-Mass.), and Congressman Elijah E. Cummings (D-Md.), Ranking Member of the House Committee on Oversight and Government Reform, released a Government Accountability Office (GAO) report that documents the dramatic growth of nonbank mortgage servicers and details the need for stronger regulatory oversight of the industry. GAO produced the report in response to a request from Cummings and Warren.

Another Record Month as February Home Sales Close Up Again

The Massachusetts Association of Realtors® (MAR) reported today that February proved to be another record month for closed home sales, as buyer activity pushed closed sales to its highest levels for the month since 2004. While single-family closed sales were up by more than 24 percent, median prices went down for the first time in nine months. Condominium sales also closed up with median prices down almost three percent

More Warm Weather Allows for a Strong Start to the Year in Pending Sales

The Massachusetts Association of Realtors® (MAR) reported today that buyers benefited from a mild-weather month in January to push pending home sales up almost 40 percent from last year. Realtors® confidence in the market was positive again in January. This month’s “Hot Topic” question finds that the majority of listings Realtors® saw in the past six months did not have any “smart home” features, like a thermostat or security system controlled via internet-connected devices.

Massachusetts Closed Home Sales Reached New December Highs 2015 was strong year for sales...

The Massachusetts Association of Realtors® (MAR) reported today that 2015 closed out with seven straight months of sales increases with December having the most closed sales of any December since 2004. Median prices were also up for seven straight months as home values neared pre-recession peaks. While condominium sales were up in December, prices were flat from 2014.

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Housing downturn isn’t just hard on sellers

For local real estate agents, it's survival of the fittest Part of the allure of the real estate market is the ability to make a...

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Pending Sales Maintain Steady Year-Over-Year Increases for Almost Four Years This...

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. This month’s “Hot Topic” question finds that the conversation of "tiny" houses has never come up between the majority of Realtors® and their clients