Inventory of single-family homes remained at record monthly lows while condominiums increased for the third straight month
by Eric Berman - email@example.com - 781-839-5507
WALTHAM, Mass. – April 24, 2019 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for single-family homes increased year-over-year from last March while condominium closed sales saw a decrease. This month saw a six percent increase in median price for single-family homes and a five percent decrease in median price for condominiums compared to last year. March also saw the lowest number of single-family homes for sale in the month of March since MAR began reporting the data in 2004. However, this is the third month in a row of year-over year condominium inventory increases.
March 2019 Closed Sales:
"Home sales up again in March shows that buyers were very active over the first quarter of the year,” said 2019 MAR President Anne Meczywor, broker/associate at Roberts & Associates Realty Inc. in Lenox. “Many first-time homebuyers who have been looking for a while are now getting a better opportunity to become homeowners because of moderating condominium prices.”
March Inventory and Days on Market:
"Once again we can use the word positive to describe the increase in the number of condominiums for sale in March,” said Meczywor. “Hopefully this is a trend that will continue and not just a three-month anomaly.”
About the Massachusetts Association of Realtors®:
Organized in 1924, the Massachusetts Association of Realtors® is a professional trade organization with more than 25,000 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.