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MA real estate numbers / snapshot of market
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For anyone in MA or anyone in general wondering what prices compared to last year were. The numbers shouldn't be too market-specific

Some interesting parts:

  • Contrasted with the relatively healthy real estate market of May 2019, single-family sales were down 9.7 percent in Massachusetts last month. “You have to go all the way back to 2015 to find May sales that low — that really stood out to me,” he said.

  • There were just 3,831 single-family homes for sale statewide at the end of May, according to a separate report from the Massachusetts Association of Realtors. That represents a 63.7 percent plunge over May 2020’s 10,531 listings — a time when many fearful sellers were actively pulling their homes off the market. In May 2019, there were 13,961 homes for sale — which itself was a drop from May 2018, when there were 15,282 active single-family home listings across Massachusetts.

  • There were 2,723 condos sold statewide in May, according to the Warren Group, a whopping 94.6 percent increase over a year ago, when buyers were shying away from shared spaces and downtown living. But even against May 2019, condo sales were up 6.5 percent. And median condo prices climbed 20.8 percent over a year ago, from $405,500 to $490,000

https://realestate.boston.com/buying/2021/06/17/have-high-home-prices-pushed-buyers-breaking-point/

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3 years ago