A year-over-year boost in closed sales last month signals a strong outlook for buyers and sellers, according to the Massachusetts Association of Realtors (MAR) November market report.  

November single-family closed sales grew 3% from last year, while condominium sales fell 0.8%.

Median sale prices also fell last month. 

The median sale price for single-family homes fell 7.6% to $635,000, while condominiums fell 1.9% to $525,000 from October to November.

While sales grew annually, they did fall month over month. 

Closed sales of single-family homes fell 7.6% and condo sales were down 10.1% from October. 

As is normal for this time of year, new listings fell with single-family home listings dropping by 43.7% and condominiums by 45.8%. 

But that’s good news for sellers, according to Amy Wallick, MAR president and sales agent at Lamacchia Realty. 

“We expect new listings to experience a slight dip this time of year, as we head into the holidays, however, we’re hopeful of an increase in inventory in early 2025, as we continue to see market demand improve year over year,” Wallick said. 

“Buyers are active, and, with the latest drop in new listings, sellers are well positioned to enter the market as we close out of the year.”