Current Market Data

NAR: Existing-home sales rebound in September
NAR: Existing-home sales rebound in September

The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.

Another rise in median sales prices sets September records
Another rise in median sales prices sets September records

September was another month for the record books in Massachusetts real estate as the median sales price for single-family homes and condos grew from last year and inventory levels continued to shrink.

Homebuyer demand remains consistent, shows signs of softening
Homebuyer demand remains consistent, shows signs of softening

Homebuyer demand remained consistent in September and despite another decrease in listings, there are indications the marketing is softening and sales prices may start to moderate. 

New-home construction cools in September
New-home construction cools in September

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

RE/MAX: Boston housing market takes a pause in September 
RE/MAX: Boston housing market takes a pause in September 

The number of closed sales fell 12% month over month, while active inventory rose 5.6% to 7,362. Median sales prices dropped 4.8%, but that’s still up 7.3% from September 2020. 

Redfin: Climate change will exacerbate U.S. housing shortage
Redfin: Climate change will exacerbate U.S. housing shortage

Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.

September saw fewer homes sold, another increase in prices
September saw fewer homes sold, another increase in prices

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

Cape Cod real estate market remains historically strong
Cape Cod real estate market remains historically strong

Cape Cod’s housing market remained historically strong in September, despite declines from last year.

Zillow: Unprecedented housing market shift has had little impact on sellers
Zillow: Unprecedented housing market shift has had little impact on sellers

While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report. 

Foreclosure activity on the rise, yet still far below historic norms
Foreclosure activity on the rise, yet still far below historic norms

It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.

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