Mass. Realtor Indexes Hit All-Time Highs
Two key real estate industry measures of the state's housing market reached all-time highs in April, according to the Massachusetts Association of Realtors (MAR).
The association's Market Index, which measures market activity, rose to 56.31 on a 100-point scale, up from 49.54 in March. A reading above 50 indicates more optimism than pessimism among the state's Realtors. The index is up 86 percent from the April 2011 reading of 30.28.
Meanwhile, the Price Index, a gauge of the direction of home prices, rose to 59.86, up a slight 3.7 percent from March. In April 2011, the index was below 50, at 48.64.
The MAR said the majority of the Realtors who responded to the survey said low property appraisals are not impacting transactions that have competitive or multiple-bid offers.
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