Current Market Data

Super sellers’ market may hinder affordability outlook for 2021
Super sellers’ market may hinder affordability outlook for 2021

“Comparing the RHPI levels in October relative to the resurgence of home buyer interest in June, affordability declined in 24 of the top 50 markets we track.”

Existing-home sales slide slightly in November
Existing-home sales slide slightly in November

Sales in November are still 25.8% higher year over year.

RE/MAX sets new home sales record
RE/MAX sets new home sales record

Inventory also reached its lowest point in the report’s history, down 31.8% from the same time last year and down 13.3% from October.

Strong housing market fundamentals to remain a constant in 2021, says new report
Strong housing market fundamentals to remain a constant in 2021, says new report

Strong underlying fundamentals shaped the housing market’s remarkable 2020 comeback story and, with a vaccine rollout underway, the stage is set for another strong year in 2021, says First American Chief Economist Mark Fleming.

New home construction momentum may set stage for ‘year of the home builder’
New home construction momentum may set stage for ‘year of the home builder’

“Nothing sells like a shortage. We have underbuilt new housing relative to demand for a decade. Building will have to exceed household formation for a number of years to reduce the housing stock ‘debt’ we have accumulated.” — First American Deputy Chief Economist Odeta Kushi

Nearly half of Boston listings in bidding wars
Nearly half of Boston listings in bidding wars

More than half of Redfin listings (54%) experienced bidding wars in November, down only 4 percentage points from the previous month, according to the online broker’s new report.

Bought before they’re built: Advance new home sales highest since 2005
Bought before they’re built: Advance new home sales highest since 2005

An ongoing shortage of existing homes on the market has made newly constructed homes especially desirable.

Boston ranks 5th priciest luxury market in the U.S.
Boston ranks 5th priciest luxury market in the U.S.

The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.

Walkability now less important to Boston buyers
Walkability now less important to Boston buyers

“Much of what makes walkable neighborhoods so desirable and valuable has been diminished this year.” — Redfin chief economist Daryl Fairweather

Are condos the new bargain property?
Are condos the new bargain property?

A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.

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