Current Market Data

New home construction surges in March, suggesting relief for homebuyers

Privately owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Zillow: Most experts expect relief to supply woes later this year, early 2022

Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of 2022.

Homes listed midweek are selling for more and faster

Boston homes listed on a Tuesday, Wednesday or Thursday are selling for more than those listed on the weekend, but how much varies by metro area.

Boston’s housing supply shortage expected to continue for some time

The housing supply shortage is expected to get more extreme as homebuyer demand continues to outweigh inventory levels, a new study found.

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

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

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

“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

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

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 continued to rise in February as interest in homes in vacation areas remained strong.

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

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%

“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

Low inventory still driving up housing prices in Boston

In February, 36% of homes sold above the asking price as the decline in homes for sale hit a record low.

Boston home sales remain brisk in February as median prices hit new highs

The Greater Boston Association of Realtors says the numbers offer an early sign of an extremely active spring local housing market.

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