Best Spring Market in Massachusetts since 2004!
The early returns are out on the
spring market. And the sales numbers are looking surprisingly strong, new stats
out this morning show.
The best in a decade, in fact.
Pending sales of single-family homes
in Massachusetts rose 15 percent this March compared to March, 2013, the
Massachusetts Association of Realtors reports.
The 5,185 homes put under agreement
were the highest for any March since 2004, according to MAR.
Pending condo sales jumped 7.3
percent, to 2,183 units, the most since March 2006.
The median price of home put under
agreement hit $314,000, an 8.3 percent increase over March 2013, while condo
prices were close to catching up, surpassing $304,000 after a 12.8 percent
Now it's still early in the season -
we still had snow on the ground a week ago. After all, if this were election
night, it would be just after 8 p.m., when the early returns are starting to
Still, while there are not nearly
enough listings of homes for sale to meet current demand, buyers are plunging
ahead anyway and bidding up what's there, or at least the half decent
properties that are not outrageously priced.
"Move-in condition" is the
buzzword right now among brokers - buyers are willing to pay up instead of
buying a house in need of work that no one thinks they have the time to do
Happy house hunting!
Local Market Update (LMU) Reports are available here for all 54 cities and towns in the Greater Boston Association of Realtors jurisdiction and 10 adjacent communities.