Housing Scorecard
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Home sales and days on the market in Boston also both declined.
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Meanwhile, housing starts are up and homes are staying on the market for fewer days than this time last year.
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Although inventory and existing-home sales remain down, housing starts were up in March. Additionally, the days on the market shrunk to 14 days.
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Housing starts, existing home sales inventory took a tumble as well in February.
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Nationally, pending home sales fell as interest rates rose last month.
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Nationally, interest rates rose as builder confidence fell.
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At the same time, days on market fell to 26 from 31 as housing starts grew
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Builder confidence was also down from a year ago.
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Housing inventory fell in Boston during August, while housing starts and existing-home sales rose.
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Housing inventory also saw an increase from year-ago levels last month.
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Housing inventory in the Boston area, meanwhile, remained below year-ago levels in April.
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This month’s Boston Agent Housing Scorecard would have been positive across the board had it not been for continued high unemployment and a shortage of housing inventory. See how the economic indicators looked, both locally and nationally, in this month’s report.