The Massachusetts Association of Realtors (a.k.a. MAR) released their June 2009 and Q2 housing market data a couple weeks ago.
The statewide numbers for June break down as follows:
MA Single Family Home Sales |
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| May 2009 | June 2009 | % change |
| 2,975 | 4,146 | 39.4% |
MA Single Family Median Price |
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| May 2009 | June 2009 | % change |
| $287,500 | $306,000 | 6.4% |
MA Condominium Sales |
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| May 2009 | June 2009 | % change |
| 1,235 | 1,554 | 25.8% |
MA Condominium Median Price |
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| May 2009 | June 2009 | % change |
| $265,000 | $275,000 | 3.8% |
Pending Sales:
The number of single-family homes put under agreement in June was up 5.0 percent compared to the same time last year (4,885 homes in 2008 to 5,153 homes in 2009). On a month-to-month basis, single-family homes put under agreement were up 7.3 percent from 4,802 homes in May. The number of condos put under agreement in June was down 2 percent compared to June 2008 (2,164 units in 2008 to 2,127 units in 2009). On a month-to-month basis, condos put under agreement were up 5 percent from 2,025 units in May.
Inventory and Days on Market:
The inventory of residential properties on the market as of June 30, 2009 decreased 16 percent compared to the same time last year (from 50,705 listings in 2008 to 42,355 listings in 2009). At the current sales pace, this represents approximately 7.4 months of supply, down from 8.3 months of supply in June 2008. On a month-to-month basis, the average months of supply is down from 9.9 months in May. It is considered a balanced market when there are between 7.5 and 8.5 months of supply.
Downloads:
MASS Real Estate Market Report June-2009 (35.3 KiB, 166 hits)
MA Real Estate Market Report Q2-2009 (29.0 KiB, 250 hits)
Past Massachusetts Real Estate Market Reports:
MA Real Estate Market Update | May-09
