#Massachusetts #ma #realestatemarket took a pause #homebuyers #homesforsale #realestateagent

Massachusetts real estate market took a pause

Single-family home sales were up 8% from the previous month, ticking up to 3,712 in May from 3,441 in April, according to the Massachusetts Association of Realtors.

But sales were down 30.3% year over year in May, while closed sales on condos declined 45.7%. The median price of a home was up 4.7% from a year ago, according to the report. While inventory levels still lag 2019 numbers, 6,397 single-family homes and 2,484 condominiums  came onto the market in May for a total increase of over 3,000 homes since April.

New listings were down 33.6% year over year for single-family homes and 26.1% for condos. “The industry took a pause in the early spring and is starting to move forward again,” Kurt Thompson, 2020 MAR President, broker at Keller Williams Realty North Central in Leominster, said in a press release.

“The spring market will now be the summer market. Most likely, we’ll continue to see inventory levels decrease in the short term but will start to see a resurgence when we reach the other side of COVID-19 issues.”

The post Massachusetts real estate market took a pause appeared first on Boston Agent Magazine.

Homebuyers: For access to all listings and to find a homebuyers real estate agent that will represent only your interests call 800-935-6222 or click the button below to connect with MABA. At MABA we got you!

Selecting the Right Homebuyer's agent

Unlike most other real estate agents, a MABA home buyer's broker never represents both a buyer and seller in the same transaction so you never have to worry whether a MABA agent is really looking out for your best financial interests. A MABA buyer's agent acts as your advocate, real estate educator, advisor and negotiator, always loyal to you and dedicated to helping you find and buy the best home with the best terms at the price and showing you which homes to avoid along the way.

Fewer than one percent of the agents and brokers in Massachusetts meet our high standards. 

Whether you are ready to buy now or just beginning your home buying journey, click here to choose a Great Buyer's Agent to answer all of your home buying questions!