Current Market Data

Mortgage rates dip below 7%, bring relief to homebuyers

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report. 

Housing starts rebound in April after March slump 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Hotels overtake offices in residential conversions

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Boston tops list of markets with fewest home listings

Boston has the fewest home listings nationally, in a market steeped with competition driven by low inventory.

Massachusetts March home, condo prices soar, set new records

Meanwhile, the Bay State had the fewest condo sales for the month of March since 2015.

Median home prices in Greater Boston hit $900K

Last month, the majority of properties sold at or above their full asking price.

Double-digit surge: March home listings, closed sales soar

After months of declines, March saw single-family home listings and closed sales jump almost 25% month over month, according to the Massachusetts Association of Realtors March housing statistics report.

Monthly home payments set new record in March

Monthly home payments hit new records last month reaching an all-time high of $2,747, an 11% increase from last year.

Rising Cape Cod real estate inventory sparks optimism in market

The increasing inventory on Cape Cod and the islands is fostering optimism within the market, signaling positive signs as the spring season begins, according to a new report from the Cape Cod & Islands Association of Realtors.

Renovation spending has jumped 60% since 2020

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

Massachusetts housing inventory rises ahead of spring market

Housing inventory in Massachusetts is rising just as the spring market approaches, according to the Massachusetts Association of Realtors (MAR) February housing statistics report

Spring market buyers help lift Boston area home sales, prices

The Greater Boston housing market experienced its second month in a row of increased listings in February, bolstering buyer demand as the spring market got underway.

The best week to sell this year: April 14 – 20

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

NAR: Existing-home sales post biggest gain in a year 

Sales rose 9.5% from January to a seasonally adjusted annual rate of 4.38 million.

Massachusetts home sales flat in February as median sale price spikes

Single-family home sales in Massachusetts were flat last month as median home sale prices reached a new high, according to a new report.

Don’t paint your house these colors if you’re trying to sell

There’s a reason many homeowners opt for neutral shades when trying to sell their house — certain flashy colors may be off-putting to buyers.

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