Wednesday, January 29, 2014

2013 Massachusetts Real Estate Market in Numbers



Strong buyer demand and lack of inventory continue to push up median prices for both single family homes and condominiums.



  • The number of detached single family homes sold in 2013 up 7.1 percent (from 2012). The most active year since 2005.
  • The number of condominiums sold up 10.6 percent (from 2012). Strongest year since 2007.
  • Median price was up 9.2 percent for single family home ($325,00 in 2013 from $297,750 in 2012) and 6.4 percent for condominiums ($300,000 in 2013 from $ 282,000 in 2012).
  • Average monthly inventory down 18 percent for single family homes and 23 percent for condominiums from 2012.
  • Single family homes stayed on the market 99 on average in 2013 (compared to 126 days on average in 2012). Condominiums stayed on the market 81 days on average (compared to 114 days in 2012).

Renata Gilarova, Real Estate Advisor with Better Living Real Estate, LLC. Contact Renata by email at Renata@BetterLivingRE.com or phone at 508-507-9715. 

* Source: marealtor.com