Current Market Data
Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity.
Meanwhile, existing home sales dropped as days on market increased.
A new report has named a Cape Cod community one of the top 10 best cities in the nation for first-time homebuyers.
Living in some of the country’s top cities can get pretty expensive, and Boston is no different.
Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020.
Declining interest rates spurred the increase.
Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.
At the same time, the median sales price rose 4.4% to $382,600.
December was the slowest month for single-family home sales in more than 25 years.
The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row.
Massachusetts single-family home sales fell to a 12-year low in 2023, according to a new Warren Group report.
Amy Wallick, 2023 MAR president and realtor at Lamacchia Realty says while low inventory continues to create challenges for buyers, she encourages homeowners to consider entering the market.
Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.
Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.
With mortgage rates dropping to their lowest levels in almost a year, house hunters are returning to a market that many had shied away from in 2023.
CoreLogic expects prices to continue to grow through the year.