by Eric Berman - email@example.com - 781-839-5507
WALTHAM, Mass. – December 27, 2018 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for both single-family homes and condominiums dropped year-over-year from last November. There was a four percent hike in median price for single-family homes and a one percent hike in condominiums compared to this time last year. November saw the lowest number of single-family homes and condominiums for sale in the month of November since MAR began reporting the data in 2004.
November 2018 Closed Sales:
“Being a home buyer in November was like going to the supermarket to prepare for your Thanksgiving meal, but when you got to the store, there was almost nothing to buy,” said 2018 MAR President Rita Coffey, general manager of CENTURY 21 Tullish & Clancy in Weymouth. “No matter how we describe it, this is a trend that will most likely continue until more homes are available for sale.”
Inventory and Days on Market:
About the Massachusetts Association of Realtors®:
Organized in 1924, the Massachusetts Association of Realtors® is a professional trade organization with more than 24,000 members. The term Realtor® is registered as the exclusive designation of members of the National Association of Realtors® who subscribe to a strict code of ethics and enjoy continuing education programs.
Editors and reporters: Please note that the term Realtor is properly spelled with an initial capital “R”, per the Associated Press Stylebook.