Current Market Data
These included 79.7% of the offers in Boston, a bump from the 74.8% rate this past March and leap from the 56.3% rate in April 2020.
Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.
Realtor.com’s analysis of how quickly homes sell and which city’s listings were viewed the most on its site helped determine the hottest real estate markets for the month of April.
The first quarter of 2021 brought home price gains in virtually every market, according to the National Association of Realtors.
Housing inventory in the Boston area, meanwhile, remained below year-ago levels in April.
Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.
Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.
The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.
The survey showed that 86% of dog owners said dog-friendly features — such as having a dog door or access to a dog park — are a large part of their decision-making process, and 84% are willing to spend more for these features.
Multifamily rents rose nationally in April indicating ongoing recovery from the pandemic, according to the latest Yardi Matrix Multifamily National Report.
The housing market hit records last month as home prices reached an all-time high and homes sold faster than ever.
Listing keywords associated with families and children, like community pools, nearby parks and cul-de-sacs, led to both faster-than-expected sales and higher premiums.
“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan
In 40% of metro areas analyzed, home prices in the first quarter hit or tied new peaks according to the report, including Boston.
Homes in Boston stayed on the market for 24 days less than they did last year, at an average of 22 days.
Massachusetts home sales rose 14.6% in March from a year ago.
