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[post_content] => Franklin, Massachusetts is a hot town this May . . . and we’re not talking about the weather! The real estate market in this prime I495 community is sizzling. Franklin home prices are rising and it’s getting to the point that many properties for sale in town go under agreement almost as soon as showings begin.
Shortage of homes for sale
Demand has outpaced supply in Franklin, Mass since the year began. This trend has continued to such a degree in Franklin that housing inventory levels are stuck at extreme lows even at the peak of the spring home selling season.
There currently is only about a 3 month supply of homes for sale in Franklin, Massachusetts. That compares to over 7 months of supply this time last year and over 11 months' worth of homes on the market back in May of both 2011 and 2009. You'd have to go back to the boom years of 2002 - 2004 to find such tight market conditions in town.
Strong seller's market in Franklin
Today's 3 month supply of homes in Franklin, MA puts this highly desirable community at the forefront of hot real estate towns along the I495 corridor.
While low inventory rules the Franklin real estate market, conditions are not as tight in the regional market surrounding Franklin and indeed for most of the Bay State as a whole. In both those broader markets, there's about a 6 month supply of homes. Certainly there are other communities in the Greater Boston area where supplies are as low (or even lower) than they are Franklin, but you would be hard pressed to find a town in the I495 loop with a lower inventory of available homes than in Franklin, MA.
Why are homes in Franklin in such great demand?
Here’s why so many people want to live in Franklin, Massachusetts: Franklin offers attractive home prices with many young subdivisions of colonial homes, a prime location on I495 equidistant from Boston, Worcester and Providence, great childcare services, superb public schools, superior recreational resources (including a YMCA and other tennis and swimming clubs), a vibrant arts community, lot of fun fairs and community activities, and plentiful nearby shopping. In essence, Franklin is a wonderful place to live and raise a family!
Copyright ©2013 02038.com
[post_title] => It’s getting hot in Franklin, MA
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[post_content] => As we approach March and the start of the prime spring home selling season, the supply of available colonial homes for sale in Franklin, MA is nearly depleted. It has been DECADES since there have been so few colonials for sale in Franklin this time of year! With many regions of the US already seeing double digit gains in home sale prices, can a home price spike in this desirable community in the I-495 region of Massachusetts be far behind?
Few colonial homes for sale in Franklin
2012 saw a huge increase in home sales volume in Massachusetts. The sales pace has kept up so far in 2013. There’s a general shortage of single family homes for sale throughout the I-495 high tech corridor and indeed across most of Massachusetts. But for colonial homes in Franklin, MA supplies of available homes are extraordinarily - even historically - tight.
As shown in the image above, there were only 32 colonial homes for sale in Franklin in late February. This compares to 54 Franklin colonials for sale this time last February, 73 colonials in late February 2011 and 75 colonials back in February 2010.
I went all the way back to the mid-1990s when Franklin was undergoing a home building boon and there were 100s of colonials for sale in Franklin - since then, straight to today, NEVER have there been so few colonial homes for sale in Franklin on the MLS at this time of year just before the start of the spring market!
Tight inventory of colonials expressed as months of supply
Here's how the inventory of colonial homes in Franklin looks as expressed as months-worth of supply:
What this means is that at the current rate of colonial home sales in Franklin, it would take only 2.7 months to sell all the colonial homes currently available in town. This is a very low inventory of colonials and compares to 5.2 months of supply of Franklin colonials in February 2012 and 8.7 months in February two years ago.
Tight inventories lead to home price increases elsewhere in US
An article in the current edition of BusinessWeek details recent large gains in home prices ongoing in many areas of the US.
The article says metro-Phoenix is experiencing near boom conditions with a 22.9 percent increase in metro-Phoenix home prices in calendar year 2012 according to figures provided to BusinessWeek by the research firm CoreLogic.
Here’s how home values* are faring in select regions of the country according to BusinessWeek:
(*Note the percent gain for Phoenix in the graphic above is larger than the CoreLogic figure because it reflects 4th quarter 2012 median prices compared to the 4th quarter of 2011 rather than the price change for the full calendar year just ended as calculated by CoreLogic.)
The three factors contributing to the recent US home price gains cited by BusinessWeek are low mortgage rates, low inventories of homes for sale and a recovering local economy. Sounds like conditions in Franklin, MA, doesn’t it? It would seem Franklin is ripe for some price appreciation!
Colonial home owners in Franklin have an opportunity
Because the supply of colonials for sale in Franklin is currently so exceptionally low, Franklin colonial home sellers right now face very little competition – that’s great news for sellers! If you live in Franklin and own a colonial, Spring 2013 looks to be an unparalleled opportunity to sell your home with pricing power. So if you’ve been thinking of selling, now is the time to spring into action! Explore your options - get the facts - contact Warren for a free, no-obligation Home Value Analysis! Ask for one today!
Copyright ©2013 02038.com
[post_title] => Fewest colonials for sale in Franklin, MA in decades
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[post_content] => The supply of single family homes for sale in Massachusetts hit 8 year lows in February, according to data maintained by MLSPIN, the largest MLS serving the Bay State. The dearth of available homes today rivals the tight supplies last seen in the Commonwealth near the peak of the market boom back in February 2005. The current low inventory of homes for sale comes amid an increase in buyers entering the market as we head towards March and the start of the hyper-active spring home selling season. The imbalance between supply (low) and demand (high) may begin to put upwards pressure on area home prices this spring. Add to this volatile mix the high octane fuel of today’s historically low mortgage interest rates and we may witness in 2013 a sudden ignition of MA home values.
21.6% fewer homes for sale
At mid-month this February, there are roughly 15,600 active single family home listings on MLSPIN, a 21.6% decline from the approximately 19,900 listings active on MLSPIN this time one year ago.
The number of single family homes in Massachusetts currently available on MLSPIN is an astounding 36.8% less than the roughly 24,800 homes for back in February 2008. As confirmed in an article posted by the Boston Herald, the current low inventory of single family homes for sale is especially acute in Boston and extends to most communities in the Rte 128 and I-495 region of the Bay State:
“The trend of low home inventories continues into 2013, as prospective buyers had 23 percent fewer homes to choose from this week statewide, compared to a year ago, according to data from the MLS Property Information Network.
In Boston alone, the number of units currently for sale is down a staggering 45 percent compared to last year.”
Absorption rate analysis
Absorption rate analysis is a tool commonly used by real estate brokers and investors looking to get insight into the future direction of home values in a given real estate market.
A variety of absorption rate formulas exist. All methods estimate the current state of the market by determining how long it would take to sell (or “absorb”) all properties currently for sale in a select geographic area.
Most calculations produce a “months’ worth” of housing inventory and this figure is often compared to supply levels in earlier time periods. The comparison gives you a good reading of whether the local market is likely headed up or down in coming months.
Here’s how an absorption rate analysis depicts the current amount of housing supply in Massachusetts, the I-495 region around the Town of Franklin, MA and in Franklin itself:
As you can see above, the supply of homes for sale in all three market areas is very low. There is only a 4.6 month supply of single family homes for sale across the Commonwealth this February. This is down sharply from the 7 month supply of homes available last year at this time.
Conditions in the Town of Franklin, MA and nearby communities are even tighter. There currently is only a 4.3 month supply of homes in the Franklin regional market and an exceedingly low 3.2 months of inventory in the Town of Franklin itself.
This shortage of available housing as the spring 2013 home selling season approaches is making for some frustrated home buyers. Reports of bidding wars are common. There’s so little for sale that most properly-priced homes in Franklin sell very quickly!
In past real estate market cycles, such tight conditions typically led to upwards pressure on home values. Home prices are rising in other areas of the country, but there have been no dramatic price moves yet in Massachusetts.
It will be very interesting to see how the market evolves in 2013. I will keep a close eye on prices for you!
Copyright ©2013 02038.com
[post_title] => Listing shortage may trigger MA home price surge as spring market nears
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[post_content] => 2012 witnessed a strong 22% surge in home sales activity across Massachusetts. The Commonwealth enjoyed 12 consecutive monthly gains in home sales activity, demonstrating a durable real estate market recovery. The median sales price of single family homes in Massachusetts rose fractionally in 2012, with other measures of Bay State property values showing modest but encouraging gains. In sum, the tone of the real estate market improved dramatically in 2012, setting the stage for further advances in 2013.
Sales volume soars
Massachusetts single family home sales rose 22% in 2012 as tracked by MLS-PIN, the dominant MLS in Mass.
This was the largest year-over-year percentage increase in home sales volume in the Bay State for decades. This gain marked the best year for home sales in MA since the 2007 - 2009 world financial crises began. A total of 42,648 single family home sold in 2012 on MLS-PIN.
Home prices up marginally
The median price of MA single-family homes sold in 2012 on MLS-PIN rose fractionally to $295,000, up from $293,500 a year earlier.
The median price for all single family homes in the state for 2012 is 1.7% above the recent low of $290,000 in 2009.
In another measure of MA home values near the end of 2012, Greater Boston home prices as gauged by the seasonally adjusted Case-Shiller Index were up 3.4% over their 2009 lows.
At the publication of this post, the Case-Shiller Index was current to October 2012.
Franklin, MA market active in 2012
Single family home sales activity in the local Franklin, MA market increased during 2012.
243 homes sold in Franklin on MLS-PIN, compared to 227 homes in 2011. It was the best year for home sales in Franklin since 2009.
Franklin home prices higher
2012 saw the median sale price for of all single family homes in Franklin rise 4.1% to $380,00 (from $365,000 in 2011).
This was the first annual price gain for houses in Franklin since 2009.
Not all house styles in Franklin shared equally in the 2012 median sale price gain. Please consult the reports separately available on 02038.com for in-depth coverage of how the median sale prices of the various styles of houses in Franklin performed in 2012. You can access reports for colonials, capes, ranches, antiques, and split level homes.
Franklin house sales by price bracket
During 2012, the greatest number of single family homes sales in Franklin occupied the $250,000 - $599,999 price range.
There were a considerable number of other sales in the $350,000 to $399,999 price bracket with the next-largest concentration of sales taking place in the $500,000 - $599,999 bracket. If you are a prospective home seller thinking of selling your Franklin home, seek the advice of a local real estate broker who knows the Franklin market very well. I would be happy to assist you with this; please contact me at 508-613-2889 or email me for a no-cost, no-obligation home value analysis. I'll make sure your home is priced appropriately so that it sells for the most it can command on the market!
If you are thinking of moving in 2013
With 2012 having seen such an overwhelming surge in home sales activity across MA, is 2013 a smart year to make a move? If you are thinking of buying or selling a home this year, take into consideration the following:
Mortgage rates are currently so low as to be the fundamental driver of your decision making.
Today’s historically low cost of borrowing presents a once in a lifetime opportunity to dramatically improve your housing situation in ways that may not be affordable once rates rise - and rates will rise at some point in the future, perhaps without warning!
Here’s to a happy, healthy and prosperous 2013!
Copyright ©2013 02038.com
[post_title] => 2012 MA real estate recap
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[post_content] => November home sales in Massachusetts rocketed 30% over year ago levels, marking the best November for real estate sales in Mass since 2004. A total of 3681 single family houses changed hands last month on MLSPIN, the largest MLS in the Bay State. This was an astounding 45.5% higher than closed transactions on MLSPIN back in November 2010.
Very good news for home sellers
The strong showing for home sales last month further extends the recovery in MA home sale volume that took hold at the start of the year. At 39,099 houses sold so far in 2012, year to date single family home sales in Massachusetts are a gaudy 21.5% ahead of where they were this time last year.
The fact that November’s 30% increase in sales was above the year-to-date’s overall gain is a sign that market momentum is building at year’s end. This, plus the fact that Massachusetts home prices are trending higher, bodes well for the Mass real estate market at the start of 2013
Pending sales up too
In another good sign for housing in the Bay State, MLSPIN pending sales (under contract but not yet closed) were also up statewide in November. Pendings rose 17.5% over November 2011.
Mixed month for Franklin
Small samples generally make for unreliable statistics. That was the case for home sale stats in the Town of Franklin, MA last month.
Only 13 single family homes changed hands in Franklin, as recorded on MLSPIN. This was a decline from November 2011.
On the other hand, pending sales in Franklin were way up, confirming that the local market remains active.
Even better results in 2013?
Home sales have been strong in Massachusetts throughout 2012. The superb results for November 2012 home sales may indicate that 2013 will see a further strengthening in the Mass real estate market.
Copyright 02038.com
[post_title] => Best November for MA home sales since 2004
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[post_content] => The Massachusetts real estate market continued its winning ways in August, racking up another month of substantial gains in home sales volume. According to data maintained by MLSPIN, the predominate MLS in the Commonwealth, single family home sales were up 22% in August over year ago levels.
10 months of robust home sale gains
Home sales in MA have increased every month so for in 2012. To date this year, homes sales in Massachusetts are 22% ahead of last year’s pace . . .
. . . and a whopping 55% ahead where home sales were in the first 8 months of 2010.
Activity started actually picking up noticeably last November. Home sales really took off as 2012 got under way, reflecting improving consumer confidence and the growing Massachusetts economy.
Home prices in MA have been rising modestly in 2012. If sales volume continues strong, MA home prices may rise more quickly in 2013.
Sales gain in Franklin, MA
The factors that spurred the surge in home sales across the Bay State in 2012 have powered the local Franklin market as well.
Home sales in Franklin were up sharply in August over August 2011 and total sales in Franklin year to date are well ahead of what they were in 2011.
National real estate market improving also
Here are links to articles with good insights into the ongoing recovery in real estate on the national level; follow the hotlinks in the headline images to access the articles:
Copyright ©2012 02038.com
[post_title] => MA home sales up 22 percent in August
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[post_content] => The inventory of single family homes for sale in Massachusetts in June is nearly 15% below year-ago levels. This is a very positive development for the local housing market, coming as it does during an improving outlook for economic growth and jobs creation in the Bay State. Tighter home inventories coupled with bullish economic fundamentals could spur more home buyers to act which in turn should lead to higher home prices.
Rising home sales tighten supply of available homes
MA home sales are up 27% this year through May compared to the same period last year.
The strong showing for sale volume this year has burned though a lot of sitting inventory.
Indeed, the chart understates the current depleted condition of homes for sale inventory in many market segments in Massachusetts. It has gotten hard to find quality homes in desirable locations in Greater Boston; the good listings sell quickly, often with multiple bids.
MA economy doing better
The Massachusetts unemployment rate has fallen steadily in 2012, reaching a 3 year low of 6% in May.
A recent Boston Globe article reporting the improving economy had this to say:
“Massachusetts, buoyed by strong technology, health care, and education sectors, has generally recovered faster from the last recession than the nation as whole. The state has added nearly 38,000 jobs since the beginning of the year, an annual growth rate of more than 2 percent a year, compared to a national rate of about 1.5 percent.”
Recipe for rising home prices?
Massachusetts appears to be assembling all the ingredients needed for a full-blown housing rebound.
Reduced housing inventory due to increased demand coupled with jobs growth were recently identified by the Joint Center for Housing Studies of Harvard University as the key ingredients for a housing recovery.
In its newly-released 2012 State of the Nation’s Housing report, the Joint Center wrote that “recovery in the owner-occupied market could strengthen if positive job numbers and tightening markets encourage more households to buy.”
That’s exactly the situation we have ongoing now in Massachusetts: home sales are on the rise, depleting the inventory of available homes in sought-after segments in many communities; at the same time, the Massachusetts jobs outlook has turned decidedly positive. If this prompts more buyers to purchase homes in 2012, we should see upwards pressure on MA home prices.
And that would be news very much worth writing about – stay tuned!
Copyright ©2012 02038.com
[post_title] => Tighter inventory means higher MA home prices ahead?
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[post_content] => Massachusetts Realtors® haven’t been this busy in years as a wild spring home selling season has brought buyers out, deposit checks in hand, throughout eastern MA. Many homes are selling in weeks if not mere days this spring, in sharp contrast to the sometimes painfully long, slow slog listings faced previously during the Great Recession.
Sustained trend is meaningful
Home sales and pending transactions (listings under agreement but not yet closed) were up 27% and 20.5% respectively in May, compared to year-ago levels.
Those remarkable numbers are based on real demand derived from improved consumer confidence and renewed economic vigor in the Bay State. This contrasts favorably with the artificial spurt of home closings which occurred two Mays ago right after the end of the now long-forgotten Federal home buyer tax credits (which expired at the end of April 2010). That demand withered with the end of the tax credits, leaving the market in the doldrums in May 2011.
What's important about the current strong demand for homes is that it has been going on since last November. That’s long enough now to be called a sustained trend in Massachusetts real estate, which carries interesting implications for MA home prices moving forward (see below).
Year to date stats for 2012 set the stage
From January through the end of May, Massachusetts home sales so far in 2012 are up a remarkable 21.3%
Year to date pending sales have shot up a very strong 24.2%.
Indeed, the sustained trend of high demand for homes has some Realtors® reporting intense bidding wars for attractively-priced homes, especially in prime communities in proximity to Boston.
The respected MA real estate trade publication Banker and Tradesman recently reported on the bidding war over one home for sale in Cambridge in this way:
“Prior sales in the same neighborhood had been around $800,000, but when a nearby house went onto the market and received five offers, (the listing agent) and her seller decided to list their property for $875,000. They received 15 offers, and the property sold for about 10 percent over list price.”
Stage set for higher prices?
The increasing competition for suddenly-scarce listings in Greater Boston may be setting the stage for home price increases in the future. Home prices typically rise in response to increased demand for homes. So you should expect to see a statistical jump in MA home prices if demand continues strong.
So far, home prices have not budged in the much-watched S&P/Case-Shiller Home Price Index for Boston. And the broader US economic recovery is still fragile. So MA home sellers need to restrain their enthusiasm this summer. While you may have some pricing power in light of today's strong demand for homes, you would be wise to remain realistic in setting the asking price for your eastern Massachusetts home.
Looking ahead, there’s lots of reason for optimism about the housing market in Massachusetts, especially if that now seven months long trend of higher demand for homes continues!
Copyright ©2012 02038.com
[post_title] => MA real estate agents busy as homebuyer demand intensifies
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[post_content] => Pending sales in Massachusetts soared nearly 24% in March while closed transactions climbed 18% over year ago levels as Bay State home buyers ended the first quarter of 2012 on a high note.
March 2012's home sales and pending transactions (homes under agreement but not yet closed) were roughly on par with March 2010 which experienced a mini-boom due to the two Federal home buyer tax credits. Sales and pendings were much lower in March 2011 after the tax credits expired.
Best 1st quarter for home sales since 2007
MA home sales during the quarter just ended were the strongest in the last 5 years.
Home sales in Massachusetts during the the first quarter of 2012 rose 17% over the first quarter of 2011.
The Massachusetts real estate market benefited from an improving economy and rising consumer confidence. This is great news for MA home values and bodes well for the peak spring home selling season.
Wondering what your home is worth?
Click the link to get a free, no obligation Home Value Report. You'll get the inside scoop on the local housing market - 2012 may be the best opportunity to sell your home in years!
Copyright ©2012 02038.com
[post_title] => Brisk demand for MA homes lifts March sales, pendings
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[post_content] => The seasonally adjusted S&P/Case-Shiller Home Price Index for Boston rose a miniscule 0.1% in January 2012, breaking a months-long slide. The seasonally adjusted Boston Index for January inched up to 149.34 (from 149.16 the month before).
First rise in 5 months
January's tiny uptick was the first rise in the Boston Index since August 2011 when it stood at 152.83.
The seasonally adjusted Boston Index currently stands 2.3% below where it was last August.
Greater Boston home prices hover above April 2009 low
The Index now stands a scant 0.5% higher than its April 2009 nadir. From its low of 148.59 back in April 2009, the seasonally adjusted Boston Index rose in fits and starts during the lifespan of the now-defunct Federal home buyer tax credits (shaded in pink in the chart above).
Once the tax credits expired, the Index settled right back down again. While in hindsight the Federal home buyer tax credits did little to lift home values in any meaningful manner over the long term, they did enable real estate markets across the US to stabilize at a time of intense crisis in 2009.
January a strong month for MA home sales
January’s rise in the seasonally adjusted Index coincided with strong home sales activity in MA for that month. January’s single family home sales and pendings in Massachusetts rose sharply over year ago levels. This was followed by another month of active sales in February. So there’s the potential for a another rise in the seasonally adjusted Boston Index when the February reading is released next month.
Unadjusted Index lower
Standard and Poors produces home price indices for 20 different US metro areas. S&P maintains two versions of Case-Shiller index for each of the 20 metro reporting district. One version is seasonally adjusted while the second version is not adjusted for seasonal variations in home prices.
The news media report seemingly exclusively on the unadjusted Case-Shiller indices.
This is unfortunate for us in Massachusetts as the unadjusted version of the Boston Index provides a very unreliable reading on MA home prices. It is strongly influenced by seasonal ups and downs. The unadjusted Index historically rises in the spring and summer and declines in the fall winter in a pronounced rhythmic pattern.
As you see in the graph above, the unadjusted Boston Index fell again in January. That decline is not all that meaningful as the unadjusted Boston Index usually is weak in January.
We'll keep monitoring both versions of the Boston Index with an eye for any meaningful movements in home prices in Massachusetts!
Copyright ©2012 02038.com
[post_title] => Greater Boston home prices rise slightly in January
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[post_content] => Franklin, Massachusetts is a hot town this May . . . and we’re not talking about the weather! The real estate market in this prime I495 community is sizzling. Franklin home prices are rising and it’s getting to the point that many properties for sale in town go under agreement almost as soon as showings begin.
Shortage of homes for sale
Demand has outpaced supply in Franklin, Mass since the year began. This trend has continued to such a degree in Franklin that housing inventory levels are stuck at extreme lows even at the peak of the spring home selling season.
There currently is only about a 3 month supply of homes for sale in Franklin, Massachusetts. That compares to over 7 months of supply this time last year and over 11 months' worth of homes on the market back in May of both 2011 and 2009. You'd have to go back to the boom years of 2002 - 2004 to find such tight market conditions in town.
Strong seller's market in Franklin
Today's 3 month supply of homes in Franklin, MA puts this highly desirable community at the forefront of hot real estate towns along the I495 corridor.
While low inventory rules the Franklin real estate market, conditions are not as tight in the regional market surrounding Franklin and indeed for most of the Bay State as a whole. In both those broader markets, there's about a 6 month supply of homes. Certainly there are other communities in the Greater Boston area where supplies are as low (or even lower) than they are Franklin, but you would be hard pressed to find a town in the I495 loop with a lower inventory of available homes than in Franklin, MA.
Why are homes in Franklin in such great demand?
Here’s why so many people want to live in Franklin, Massachusetts: Franklin offers attractive home prices with many young subdivisions of colonial homes, a prime location on I495 equidistant from Boston, Worcester and Providence, great childcare services, superb public schools, superior recreational resources (including a YMCA and other tennis and swimming clubs), a vibrant arts community, lot of fun fairs and community activities, and plentiful nearby shopping. In essence, Franklin is a wonderful place to live and raise a family!
Copyright ©2013 02038.com
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by Warren Reynolds on May 18, 2013
Franklin, Massachusetts is a hot town this May . . . and we’re not talking about the weather! The real estate market in this prime I495 community is sizzling. Franklin home prices are rising and it’s getting to the point that many properties for sale in town go under agreement almost as soon as showings [...]
Tagged as: Franklin MA Home Sales, Massachusetts Real Estate
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by Warren Reynolds on February 26, 2013
As we approach March and the start of the prime spring home selling season, the supply of available colonial homes for sale in Franklin, MA is nearly depleted. It has been DECADES since there have been so few colonials for sale in Franklin this time of year! With many regions of the US already seeing [...]
Tagged as: Franklin MA Real Estate, Massachusetts Real Estate
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by Warren Reynolds on February 16, 2013
The supply of single family homes for sale in Massachusetts hit 8 year lows in February, according to data maintained by MLSPIN, the largest MLS serving the Bay State. The dearth of available homes today rivals the tight supplies last seen in the Commonwealth near the peak of the market boom back in February 2005. [...]
Tagged as: Massachusetts Home Prices, Massachusetts Real Estate
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by Warren Reynolds on January 14, 2013
2012 witnessed a strong 22% surge in home sales activity across Massachusetts. The Commonwealth enjoyed 12 consecutive monthly gains in home sales activity, demonstrating a durable real estate market recovery. The median sales price of single family homes in Massachusetts rose fractionally in 2012, with other measures of Bay State property values showing modest but [...]
Tagged as: Franklin MA Home Sales, Massachusetts Real Estate
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by Warren Reynolds on December 5, 2012
November home sales in Massachusetts rocketed 30% over year ago levels, marking the best November for real estate sales in Mass since 2004. A total of 3681 single family houses changed hands last month on MLSPIN, the largest MLS in the Bay State. This was an astounding 45.5% higher than closed transactions on MLSPIN back [...]
Tagged as: Massachusetts Real Estate
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by Warren Reynolds on September 10, 2012
The Massachusetts real estate market continued its winning ways in August, racking up another month of substantial gains in home sales volume. According to data maintained by MLSPIN, the predominate MLS in the Commonwealth, single family home sales were up 22% in August over year ago levels. 10 months of robust home sale gains Home [...]
Tagged as: Massachusetts Real Estate
by Warren Reynolds on June 18, 2012
The inventory of single family homes for sale in Massachusetts in June is nearly 15% below year-ago levels. This is a very positive development for the local housing market, coming as it does during an improving outlook for economic growth and jobs creation in the Bay State. Tighter home inventories coupled with bullish economic fundamentals [...]
Tagged as: Massachusetts Real Estate
by Warren Reynolds on June 6, 2012
Massachusetts Realtors® haven’t been this busy in years as a wild spring home selling season has brought buyers out, deposit checks in hand, throughout eastern MA. Many homes are selling in weeks if not mere days this spring, in sharp contrast to the sometimes painfully long, slow slog listings faced previously during the Great Recession. [...]
Tagged as: Massachusetts Real Estate
{ 0 comments }
by Warren Reynolds on April 4, 2012
Pending sales in Massachusetts soared nearly 24% in March while closed transactions climbed 18% over year ago levels as Bay State home buyers ended the first quarter of 2012 on a high note. March 2012′s home sales and pending transactions (homes under agreement but not yet closed) were roughly on par with March 2010 which [...]
Tagged as: Massachusetts Real Estate
{ 0 comments }
by Warren Reynolds on March 28, 2012
The seasonally adjusted S&P/Case-Shiller Home Price Index for Boston rose a miniscule 0.1% in January 2012, breaking a months-long slide. The seasonally adjusted Boston Index for January inched up to 149.34 (from 149.16 the month before). First rise in 5 months January’s tiny uptick was the first rise in the Boston Index since August 2011 [...]
Tagged as: Case Shiller Index Boston, Massachusetts Real Estate
{ 0 comments }
Warren Reynolds, Esq, GRI, e-PRO
Tel: 508.613.2889 | Contact
Century 21 Commonwealth
9 Main Street
Franklin, MA 02038
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