Realtors: Pending Home Sales Keep Rising
The Bay State’s housing market continued its upward climb in October as the number of pending single-family home sales – those scheduled to close within the next several months – rose for the eighth straight month, according to the state’s Realtors’ group.
The Massachusetts Association of Realtors (MAR) said the number of homes placed under agreement last month was up 17.1 percent compared with October 2012, and up 11.6 percent over September 2013. Meanwhile, the number of condominiums placed under sales agreement rose for the 30th straight month, rising 22 percent from October 2012 and 7.1 percent from September.
There was also good news regarding prices. The median sale price of a pending single-family home sale in October was up on an annual basis 12.3 percent to $320,000, although they dipped slightly from September by 1.2 percent.
“With a very active spring and summer and then government shutdown this fall, it was a very positive sign,” said MAR President Kimberly Allard-Moccia.
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