Market Summary
“Hungry buyers fight to get into the market as interest rates threaten to go higher. Open houses are packed where buyers see value for the list price. As a result, pending sales are up this month,“ reports Linda O’Koniewski, CEO of RE/MAX Leading Edge. “March will be a strong month for closed sales and sellers will continue to sit in the catbird seat into summer.”
February sales of combined condo and single-family homes in Massachusetts decreased -17.3% year-over-year. Inventory remains down -32.4% and the number of days on market is also down -23.4%. Median sale prices remain up +10% while pending sales are up +10.6%.
Full Report
Arlington
Belmont
Boston
Cambridge
Lexington
Lynnfield
Medford
Melrose
Newton
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Somerville
Stoneham
Wakefield
Waltham
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Winchester