Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

Posts Tagged ‘Massachusetts Association of Realtors’

July Closed Home Sales Report for Greater Boston

August 29th, 2019 by Michael Mahoney

July Closed Home Sales Report for Greater Boston

The Massachusetts Association of Realtors released their closed sales report for July 2019.

 

“In July, the U.S. economic expansion that began in June 2009 became the Closed Sales
longest in the nation’s history, marking 121 straight months of gross domestic
product growth and surpassing the 120-month expansion from 1991 to 2001.
The average rate of growth during this expansion has been a milder 2.3 percent
per year compared to 3.6 percent during the 1990s. Although the economy
should continue to perform well for the rest of 2019, most economists see a mild
recession on the horizon.” – Massachusetts Association of Realtors July 2019

New Listings were down 7.0 percent for single-family homes and 1.0 percent for
condominium properties. Closed Sales decreased 2.3 percent for single-family
homes and 7.8 percent for condominium properties.

“We see the cooldown flattening or even reversing course in the coming months and expect the housing market to continue coming into balance. In the meantime, buyers are likely claiming some ground from what has been seller’s territory over the past few years. If mortgage rates stay low, wages continue to grow, and inventory picks up, we can expect the U.S. housing market to further stabilize throughout the remainder of the year.” Ralph McLaughlin, Deputy Chief Economist for CoreLogic

Greater Boston Real Estate Report from Massachusetts Association of Realtors

 

May 2019 Closed Residential Real Estate Sales Massachusetts Association Realtors

July 1st, 2019 by Michael Mahoney

May 2019 Closed Residential Real Estate Sales Massachusetts Association Realtors

WALTHAM, Mass. – June 26, 2019 – The Massachusetts Association of Realtors® (MAR) reported today that median price for both single-family homes and condominiums was over $400,000 in May, with condominiums hitting an all-time high at $413,000. Despite these high median prices, closed sales for single-family homes and condominiums increased year-over-year from May of 2018. Last month marked the lowest number of single-family homes for sale in the month of May since MAR began reporting the data in 2004. However, this is the fifth month in a row of year-over year condominium inventory increases.  Download the full Massachusetts Association of Realtors Closed Sales Report

 

 

 

April 2019 Sales Report

May 29th, 2019 by Michael Mahoney

April 2019 Sales Report from The Massachusetts Association of Realtors

Want to know what is going on in residential real estate in Greater Boston?

This is the latest closed sales report from the Massachusetts Association of Realtors

The Massachusetts Association of Realtors® (MAR) reported today that closed sales for single-family homes and condominiums increased year-over-year from April of 2018. This month saw a two and a half percent increase in median price for single-family homes and less than a one percent increase in median price for condominiums compared to last year. April also saw the lowest number of single-family homes for sale in the month of April since MAR began reporting the data in 2004. However, this is the fourth month in a row of year-over year condominium inventory increases.

 

Download ►Massachusetts Association of Realtors Closed Sales Report April 2019◄

 

April Pending Home Sales from Massachusetts Association of Realtors

May 14th, 2019 by Michael Mahoney

April Pending Home Sales from Massachusetts Association of Realtors

WALTHAM, Mass. – May 8, 2019 – The Massachusetts Association of Realtors® (MAR) reported today that the number of single-family homes put under agreement in the month of April went up almost 15 percent and the number of condominiums put under agreement went up almost 12 percent compared to this time last year. This marks 12 straight months of year-over-year increases for single-family homes. The median price for single-family homes put under agreement had a two percent increase to $395,000, while condominiums had less than a one percent decrease to $375,000 compared to April of 2018.

Download the full Press Release from The Massachusetts Association of Realtors here

 

 

 

The Number of Single-Family Homes and Condominiums in Massachusetts Put Under Agreement Up in March

April 18th, 2019 by Michael Mahoney

The Number of Single-Family Homes and Condominiums in Massachusetts Put Under Agreement Up in March

The most recent report report furnished by the Massachusetts Association of Realtors on April 10th cites that the number of single family homes and condominiums put under agreement in March is up.

“The buyers were out in force in March and pushed the number of accepted offers on houses and condominiums up again,” s“I think a rather snowy March in 2018 is contributing to the big increase we saw this more mild March.” Anne Meczywor, MAR President

 

The Massachusetts Association of Realtors® (MAR) reported today that the number of single-family homes put under agreement in the month of March rose over 15 percent and the number of condominiums put under agreement rose over nine percent compared to the this time last year. This marks 12 straight months of year-over-year increases for single-family homes. The median price for single-family homes put under agreement saw a six percent increase to $390,000, while condominiums saw a five percent decrease to $375,000 compared to March of 2018.

See all Massachusetts Association of Realtors press releases here

March 2019 Pending Sales

April 15th, 2019 by Michael Mahoney

March 2019 Pending Sales

The number of single-family homes put under agreement in the month of March rose over 15 percent and the number of condominiums put under agreement rose over nine percent compared to the this time last year. This marks 12 straight months of year-over-year increases for single-family homes. The median price for single-family homes put under agreement saw a six percent increase to $390,000, while condominiums saw a five percent decrease to $375,000 compared to March of 2018.
Search for a new home in Greater Boston

February Home Sales from Massachusetts Association Realtors

April 1st, 2019 by Michael Mahoney

February Home Sales from Massachusetts Association Realtors

WALTHAM, Mass. – March 27, 2019 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for both single-family homes and condominiums increased year-over-year from last February. This month saw a seven percent increase in median price for single-family homes and a three percent decrease in median price for condominiums compared to last year. February also saw the lowest number of single-family homes for sale in the month of February since MAR began reporting the data in 2004. However, this is the second month in a row of year-over year condominium inventory increases.

Courtesy of Massachusetts Association of Realtors

Courtesy of Massachusetts Association of Realtors

 

Full report here

Number of Massachusetts Single-Family Homes and Condominiums Put Under Agreement Up in the First Month of 2019

February 15th, 2019 by Michael Mahoney

Number of Massachusetts Single-Family Homes and Condominiums Put Under Agreement Up in the First Month of 2019

January 2019 Report on Home Sales by Mass Association of Realtors

WALTHAM, Mass. – February 13, 2019 – The Massachusetts Association of Realtors® (MAR) reported today that both the number of single-family homes and condominiums put under agreement in the month of January rose over 21 percent compared to the same time last year. This marks 12 straight months of year-over-year increases. The median price for pending single-family homes saw a three percent increase to $379,000 while condominiums saw a four percent increase to $369,900 compared to January of 2018. Download – The Number of Massachusetts Single-Family Homes and Condominiums Put Under Agreement Up in the First Month of 2019

 

Michael Mahoney – Realtor Report – January 30th 2019

January 30th, 2019 by Michael Mahoney

2018 is Out the Window: Here’s the Recap

From me….
The market is still really low on inventory. Buyers are in the market now and ready to make purchases. If you are considering selling, it’s a great time. When Spring comes there will be more on the market for you to compete with. This may be a prime time to snatch a buyer.

The Massachusetts Association of Realtors announced the year end closed sales data for 2018

The MAR released their year end closed data on January 23, 2019 for 2018. Here is a quick summary.

Closed sales for both single-family homes and condominiums dropped year-over-year from last December. There was a small drop in median price for single-family homes and condominiums compared to this time last year and the month also saw the lowest number of single-family homes for sale in the month of December since MAR began reporting the data in 2004.

Year-end data for 2018 shows that total closed sales have had a two percent decrease for both single-family homes and condominiums. The year also saw an increase in average median prices for both single-family homes and condominiums compared to 2017. Without an increase in inventory in 2019, closed sale decreases and median price increases are trends that will likely continue.

Download the report here

“Whether it was December or all of 2018, the phrase that best describes this real estate market, was ‘lack of homes for sale’,” said 2019 MAR President Anne Meczywor, broker/associate at Roberts & Associates Realty Inc. in Lenox. “It’s not too much of a stretch to imagine we’ll be using the same phrase to describe 2019 if we can’t do something to increase production and encourage more homeowners who are on the fence about selling to put their homes on the market.” Massachusetts Association of Realtors President, Anne Meczywor

In the report, the MAR president said the following about mortgage interest rates.

“Interest rates are a wild card. If they rise, it could make homes less affordable and cut demand for the upper-end but may fuel increased demand in the more affordable range, which is already facing short supply.” said Meczywor.

You can download the full report on the single family and condo market in Greater Boston here

If you want to know what is happening in Boston Real Estate get the latest report here

Have a question about the value of your house?

Houses and Condos We Need for Buyers

As I mentioned above, the inventory is quite low. This week, we have 4 buyers that we are working with to find houses and condos for.

We need homes for the following buyers now.

Buyer #1

The next person we are looking for is a buyer who is looking purchase a condo. The buyer can spend about $200k. The condo fee should not exceed 300/month. The ideal location would be Framingham, Natick, Holliston, Ashland but we are “open” to other areas.

Buyer #2

We have a buyer who is looking in Dedham for About 400k – One level living is the most important factor.

Buyer #3

I have couple who is looking to downsize from a 4 bedroom home in Medfield. They are looking for a single level condo with it’s own private entrance or a home in the tree streets of Norwood

Buyer #4
A young first time buyer looking ideally to be in The Bridgewaters, Raynham, Norton, Middleboro, Easton or Taunton. Their purchase price is up to 325k.

If you know of anyone who may have a house or condo which fits these folks, reach out to me @
617-615-9435 or send me an email

 

Career in Real Estate

Considering a career change to real estate, eXp realty and my team is growing – Reach out if you are considering a career change. You can call me if you would like. The best # is 617-615-9435.

I am currently looking for one or two agents to join me on my team. If you are not licensed, I am happy to explore what a career in real estate may look like and how to go about licensing.

See more about eXp Realty here






logo Michael Mahoney Realtor, eXp Realty

617-615-9435
www.RealtorMikeMahoney.com
mike@mmahoney.com

 

 

2018 is Out the Window: Here’s the Recap

January 24th, 2019 by Michael Mahoney

Greater Boston Real Estate Report by Realtor Michael Mahoney - click display images to see the full report

2018 is Out the Window: Here’s the Recap

The Massachusetts Association of Realtors announced the year end closed sales data for 2018.

The MAR released their year end closed data on January 23, 2019 for 2018. Here is a quick summary:

Closed sales for both single-family homes and condominiums dropped year-over-year from last DecemberThere was a small drop in median price for single-family homes and condominiums compared to this time last year and the month also saw the lowest number of single-family homes for sale in the month of December since MAR began reporting the data in 2004.

Year-end data for 2018 shows that total closed sales have had a two percent decrease for both single-family homes and condominiums. The year also saw an increase in average median prices for both single-family homes and condominiums compared to 2017.  Without an increase in inventory in 2019, closed sale decreases and median price increases are trends that will likely continue.

“Whether it was December or all of 2018, the phrase that best describes this real estate market, was ‘lack of homes for sale’,” said 2019 MAR President Anne Meczywor, broker/associate at Roberts & Associates Realty Inc. in Lenox. “It’s not too much of a stretch to imagine we’ll be using the same phrase to describe 2019 if we can’t do something to increase production and encourage more homeowners who are on the fence about selling to put their homes on the market.” Massachusetts Association of Realtors President, Anne Meczywor

In the report, the MAR president said the following about mortgage interest rates.

“Interest rates are a wild card. If they rise, it could make homes less affordable and cut demand for the upper-end but may fuel increased demand in the more affordable range, which is already facing short supply.” said Meczywor.

In all of my previous blog posts, all indicators show that interest rates will remain low. The did spike up at the end of 2018 and were blamed for some of the sales. You can read the blog post titled “Existing-Home Sales Plunge 6.4%, Mortgage Rates Blamed” here

Regarding rates and the market, Fannie Mae indicates that there will probably only be one interest rate increases in 2019. Here is the article titled “Fannie Mae: Housing market will stabilize in 2019

 

 

Massachusetts Association of Realtors: Reports on June 2018

August 2nd, 2018 by Michael Mahoney

Massachusetts Association of Realtors:
Reports on June 2018

The Massachusetts Association of Realtors just released their data on June
2018 in their Market One Sheet Report which provides a quick overview of
the MA Market and Trends. Have a question about the value of your house?

Massachusetts Association of Realtors June 2018

Massachusetts Home Sales Drop as Inventory Reaches New Low for Month of September

October 24th, 2017 by Michael Mahoney

Massachusetts Home Sales Drop as Inventory Reaches New Low for Month of September

by Eric Berman  of Massachusetts Association of Realtors  Oct 24, 2017

September Closed Sales by the Massachusetts Association of Realtors released by Paul Yorkis MA president

WALTHAM, Mass. – October 24, 2017 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for single-family homes dropped almost six percent this September over last year, while prices rose eight percent. Year-over-year condominium sales also saw a dip, with prices rising almost four percent. Inventory reached a record low for the month of September. See the full press release here

“This is the sixth month in a row of year-over-year decreases in single-family home sales,” said 2017 MAR President Paul Yorkis, president of Patriot Real Estate in Medway. “Unfortunately, the low inventory situation coupled with rising prices are taking a toll on some buyers’ ability to compete in this market.”

“We need to see more listings come on to the market to deal with these record inventory lows,” said Yorkis. “These listings could come from new production, people moving in with their families or in accessory dwelling units— any way it comes, young and first-time home buyers especially will be grateful.”

It Could Not Get Any Better Than This for a Seller

The period we are in now could not be any better for selling a home. If you are planning on making a move South or downsizing you could capitalize on this market opportunity. Given that real estate market cycles go up and down, it would be the best time to consider a sale if you are Baby Boomer looking to downsize. Chances are you won’t even have to do anything given the lack of inventory. Even the Pepto Bismol bathrooms sell in this market.

Want to get an idea of the value of your property?

Check out www.HomeValueBoston.com

Pending Home Sales Tumble in May for Third Straight Month

June 29th, 2017 by Michael Mahoney

 Pending Home Sales Tumble in May for Third Straight Month

 

National Association of Realtors Report on Pending Home Sales

WASHINGTON (June 28, 2017) — The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to the National Association of Realtors®. None of the major regions saw an increase in contract activity last month.

“The lack of listings in the affordable price range are creating lopsided conditions in many areas where investors and repeat buyers with larger down payments are making up a bulk of the sales activity,” said Yun. “Meanwhile, many prospective first-time buyers can’t catch a break. Prices are going up and there’s intense competition for the homes they’re financially able to purchase.”

Existing-home sales are forecast to be around 5.63 million this year, an increase of 3.2 percent from 2016 (5.45 million). The national median existing-home price this year is expected to increase around 5 percent. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.

Massachusetts Association of Realtors Report Dip in Closed Sales

Homes for sale reach lowest level for May since 2004

WALTHAM, Mass. – June 27, 2017 – The Massachusetts Association of Realtors® (MAR) reported today both single-family and condominium saw a slight dip in sales in May from last year. Despite the drop, median home prices for both single-family homes and condominiums hit new all-time highs. Inventory also reached the lowest level for the month of May since MAR began recording the data in 2004.

Pending Home Sales Dip in Massachusetts by Keller Williams Realtor Michael Mahoney

May Closed Sales from The Massachusetts Association of Realtors – click to see large image

 

Massachusetts Real Estate Inventory

Keller Williams Realtor reports on massachusetts real estate inventory

Massachusetts Association of Realtors – Click to see large image

 

Get the Value of Your Home Now

The Greater Boston real estate market could certainly use more inventory. If you are considering a move at all, now would be a time to take a closer look at it. With the demand high, and buyers competing for properties the market is very forgiving when it comes to home repairs and concessions by sellers.

 

David Ortiz Courtesy of The Boston Globe

If I were considering a move,  I would go out on top like David Ortiz rather than waiting for the market to show signs of stalling.  By that, I simply mean that real estate markets are cyclical and that what goes up must come down. If I were in my older years, I would get out in the hot market rather than waiting for it to cool.

Get the value of your home now in 15 seconds

You can reach Michael Mahoney via cell/text at 617-615-9435 or via email mike@mmahoney.com

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

Community Events

There are no events scheduled for 02132 at this time.