Current Market Data

Boston home sales transactions up 53.2% from a year ago
Boston home sales transactions up 53.2% from a year ago

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Boston dipped even further, declining 0.8%, according to the RE/MAX May National Housing Report.

Boston home inventory levels rebounded in May
Boston home inventory levels rebounded in May

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

Housing market simmers down, but pending sales are still up
Housing market simmers down, but pending sales are still up

Although pending sales are up 29% from last year, they are starting to slow down, dropping 9.7% from their peak four weeks ago.

Housing starts rise in May, but building permits fall
Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

Massachusetts ranked second-best state to live in
Massachusetts ranked second-best state to live in

Massachusetts is the second-best state to live in the U.S., according to WalletHub’s 2021 Best States to Live In list. 

Boston housing market hits new records in May
Boston housing market hits new records in May

Home sales rose steadily again in May, as median selling prices also rose to record highs.

NAHB: Builder confidence sinks on rising materials costs, supply chain shortages
NAHB: Builder confidence sinks on rising materials costs, supply chain shortages

Increasing costs and declining availability of key building materials dampened builder sentiment, as higher costs have pushed some new homes beyond the budget of prospective buyers. 

Massachusetts among top states for home equity gain, up $49K in a year
Massachusetts among top states for home equity gain, up $49K in a year

The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.

Boston ranks 44th on top 50 new markets list based on 2020 closings
Boston ranks 44th on top 50 new markets list based on 2020 closings

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Boston climbs The Economist’s most livable cities in the world list
Boston climbs The Economist’s most livable cities in the world list

Some cities fared better than others with the global pandemic and Boston is one of them, according to The Economist’s 2021 Livability Index’s ranking of the most livable cities in the world.

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