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 surge.
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 roll in.
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 anymore.
Happy house hunting!
New Listing Alerts:
Feel free to Sign-up for New Listing Alerts that will deliver New Listings, Price Changes, Back on Markets, Open Houses, and Virtual Tours of homes for sale in Dover MA, Needham MA, Wellesley MA, Norfolk County and surrounding towns directly to your email every day. By signing up today you will get access to MLS Property Messenger which will send you New Listings in Dover MA, Needham MA, Wellesley MA, Norfolk County, and surrounding towns directly to your desktop the minute they become available.
Buyers and Sellers:
Interested in selling your home in Dover MA, Needham MA, Wellesley MA, Norfolk County or surrounding towns? Fill out my Free Market Analysis to find out what your home is worth. Are you at the beginning stages of selling or buying a new home? Then check out my very helpful Buying and Selling Tips. Don't know what you can afford? Then see today's rates and calculate your monthly payments with my Mortgage Calculator. You can always subscribe to a list of my properties using your favorite RSS reader as well.
Community and School Information:
This website also offers community and school information for Dover MA, Needham MA, Wellesley MA, Norfolk County and surrounding towns. You can also find the latest town and Real Estate News, up to the minute listings alerts of New Listings, Price Changes, Back on Markets, Open Houses, Virtual Tours, and much more information about Dover MA Real Estate, Needham MA Real Estate, Wellesley MA Real Estate, Norfolk County Real Estate and surrounding towns from My Blog.
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