drupal -

Massachusettes State Overview

Naomi M — Thu, 04 Oct 2007 14:18:49 -0500

Capital: Boston
Estimated 2004 population: 6,416,505
Change from 2000: +67,408
2004 housing units: 2,672,061
Housing units change from 2000-2004: +47,156

2006 Housing Trends

Why is Arlington Mass. a bright spot in the housing market?

Wed, 10 Oct 2007 21:02:52 -0500

Arlington, located in Eastern Massachusetts, is a hot real estate market. Prices are stable, activity is brisk, and frenzied behavior not seen since the boom years - deliberate underpricing to fuel bidding wars, multiple offers over asking price, tight deadlines for submitting offers - is the norm.

Boston housing market shows positive signs

Mon, 04 Jun 2007 00:00:00 -0500

Greater Boston single family home sales are up 13.8% and condominiums sales are up 15.4% from Q1 last year. Prices have been slower to respond with the condominium median sales price up 1.6% to $348,000, and the single family median sales price down 2% to $450,000 compared to the same period last year.

The number of homes on the market is down, which is a good sign of a stabilizing market. Massachusetts had 17% less listings in February 2007 compared with a year earlier. The state now has approximately 12.3 months of supply compared to 15 months of supply a year ago.

Boston Mass housing market picking up

Tue, 29 May 2007 00:00:00 -0500

In Brookline, Mass., home sales grew by 32 percent over the same period last year, and the median price for a single-family home dropped by 4 percent.

Sales are up 13.1 percent for single-family homes and up 12.9 percent for condos over the same time last year. Sellers can be encouraged, too, because inventory on the market is down 9.7 percent. Condos move even faster. Condo inventory is down 11 percent over the same period last year.

Source: thebostonchannel.com

Mass. Martha’s Vineyard housing inventory swells and foreclosures rise

Fri, 25 May 2007 00:00:00 -0500

Figures for the first quarter of this year showed the total inventory of residential property in Martha’s Vineyard up more than 40 per cent over the same period a year ago. This record number of unsold properties is forcing agents and owners to begin to heavily discount prices.

The median sale price also continued a decline which began last year. For the March quarter this year it was $688,750, compared with $705,000 in the same quarter last year and $702,000 at the end of last year.

Massachusetts housing market appears stable

Tue, 22 May 2007 00:00:00 -0500

April single-family home sales dropped 1.7 percent and condominium sales rose by 0.7 percent compared to the same month last year, according to the Massachusetts Association of Realtors.

The same was true of prices. Single-family home prices dropped 2.3 percent in April compared to April 2006, while condo prices rose 2.6 percent, the MAR said.

Massachusetts housing market nearly back to normal and stable

Naomi M — Sun, 13 May 2007 00:00:00 -0500

According to statistics from the Massachusetts Association of Realtors, first-quarter sales for 2007 were nearly equal to last year's numbers, with a reported 215 single-family dwellings changing hands in SouthCoast, up ever so slightly from 212 in the first quarter of 2006. The average price dipped from $332,689 to $327,819.