Current Market Data

Homeownership remains affordable for average wage earners despite price increases
Homeownership remains affordable for average wage earners despite price increases

Boston’s Suffolk County was among the 14% of counties where wage growth outpaced home-price appreciation.

Home prices hit 15-year high nationwide
Home prices hit 15-year high nationwide

Prices in the Boston metro area were up 7.0% over February 2020 with “normal” market condition indicators.

S&P Case-Shiller: Boston home prices continue to climb
S&P Case-Shiller: Boston home prices continue to climb

Home prices posted monthly and yearly gains in January across the U.S. as well, according to the S&P CoreLogic Case-Shiller Indices.

Pending home sales dip in February in the Northeast
Pending home sales dip in February in the Northeast

“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift, but contracts are not clicking due to record-low inventory.” — NAR Chief Economist Lawrence Yun

Interest in tiny homes grows as popularity rises
Interest in tiny homes grows as popularity rises

While pandemic headlines had many leaving cities and moving to the suburbs or looking for additional space in their current home, interest in tiny homes was little remarked upon.

Homes sold above list price hit a record high
Homes sold above list price hit a record high

A record number of homes sold above the asking price last month as home sale prices hit an all-time high.

Cape Cod home sales continue to climb
Cape Cod home sales continue to climb

Cape Cod home sales continued to rise in February as interest in homes in vacation areas remained strong.

Massachusetts home sales continued to surge in February
Massachusetts home sales continued to surge in February

Single-family home sales and median sales prices continued to rise as inventory hit record lows once again.

New home sales slide nationwide
New home sales slide nationwide

Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000 transactions.

NAR: Northeastern home prices up more than 20%
NAR: Northeastern home prices up more than 20%

“Despite the drop in home sales for February — which I would attribute to historically-low inventory — the market is still outperforming pre-pandemic levels.” NAR Chief Economist Lawrence Yun

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