By the Numbers
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At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985.
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January’s median single-family home price reached a new all-time high for the month, according to the Warren Group’s January market report.
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Meanwhile, pending home sales and builder confidence were up nationally in January.
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On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C.
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The median existing-home price for all housing types in December rose 6% from its year-ago level.
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The median price of a single-family home in Massachusetts reached an all-time high last year, according to the Warren Group’s December market report.
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Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said.
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Nationally, pending home sales and builder confidence also rose in December.
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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.
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The median-sales price slid from $425,600 in October to $402,600 last month.
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The year-over-year increase of 6.1% is the greatest since June 2021, according to the association.
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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.
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On a monthly basis, however, sales were down 13.3%, RE/MAX said.
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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.
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More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.
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Boston is the fourth-priciest rental market in the country, according to Zumper’s November National Rent Report.