Bay State housing market hot in August
Single-family homes put under agreement in August were up 41.6 percent from the same time last year, according to the Massachusetts Association of Realtors (MAR).
It was the 29th year-over-year increase in the last 30 months.
MAR’s August 2015 Future Home Sales Report also showed strong activity in the condominium market for the month. Condos put under agreement in August were up 29.4 percent over last year.
There were 5,886 pending home sales in the state in August, with a median price of $368,000, MARS reported. In August 2014, there were 4,157 pending sales, with a median price of $350,000. The median price rose 5.1 percent year-over-year.
For condominiums, there were 2,042 pending sales in August 2015, compared with 1,578 a year earlier. The median price was $338,500 this August, up 4.2 percent from last August’s $325,000.
Real estate agents also showed growing confidence in the market, as MAR’s Realtor Market Confident Index was up more than 20 percent from August 2014.
WBJ Web Partners
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