By the Numbers
Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said.
Nationally, pending home sales and builder confidence also rose in December.
In its last reading before the end of the year, the National Association of REALTORS® Pending Home Sales Index posted its fourth consecutive monthly increase in November.
The median-sales price slid from $425,600 in October to $402,600 last month.
The year-over-year increase of 6.1% is the greatest since June 2021, according to the association.
Massachusetts home and condominium sale prices reached all-time highs for the month of November, according to the Warren Group’s November 2024 Sales Report.
On a monthly basis, however, sales were down 13.3%, RE/MAX said.
A year-over-year boost in closed sales last month signals a strong outlook for buyers and sellers, according to the Massachusetts Association of Realtors (MAR) November market report.
More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.
Boston is the fourth-priciest rental market in the country, according to Zumper’s November National Rent Report.
A year-over-year look at some of the key metrics in Boston’s residential real estate market.
Despite the new record in September, the rate of increase continues to slow.
The new findings come from real estate tech strategist Mike DelPrete.
The increase follows two months of declines, the National Association of REALTORS® said.
Multifamily construction, meanwhile, rose on a monthly basis.
Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.