Mass. Realtors Maintain Market Optimism
Realtors in the Bay State are more bullish on a rise in housing prices than they were last year and just as confident about the real estate market, the Massachusetts Association of Realtors (MAR) said today.
MAR’s monthly confidence measure fell slightly – less than 1 percent – in November, marking its first drop in 27 months. But it remained above the midway point of 50 on a 1-to-100 scale, at 56.8. But the index fell from a reading of 62.02 in October as colder weather set in.
The group’s price measure, meanwhile, rose 5 percent, to 70.6. That marked the 22nd straight month of year-over-year increases, although it fell from 71.31 in October.
“The market has been on a good run and the Realtors’ confidence has reflected that over the past two years,” MAR President Kimberly Allard-Moccia said in a statement. “Despite the small dip in the Index in November, the fact that a majority of Realtors who responded to the survey are optimistic about an increase in inventory is a good sign for the 2014 market.”
And in a poll of its members, the MAR said 57 percent of Realtors believe more homes will be placed on the market in 2014, while 36 percent believe activity will be level with 2013’s.
(Image Credit: freedigitalphotos.net)
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