www.realtor.com, July 11th, 2012
The Massachusetts Association of Realtors reported today that the number of single-family homes put under agreement in June went up again for the 14th straight month compared with the same time in 2011.
Condominium pending sales were also up from the same time last year for the 14th straight month. Pending figures are a leading indicator of actual housing sales in Massachusetts for the following two to three months.
“With an early start to the ‘spring’ market because of the unseasonable winter, it was uncertain whether the momentum would continue into the summer,” 2012 MAR President Trisha McCarthy, broker at Keller Williams Realty in Newburyport, said in a statement. “The June pending sales numbers are a good indication that new buyers are continuing to enter the market and making offers on homes.” The number of single-family homes put under agreement in June was up 29.1 percent compared with the same time last year (4,085 homes in 2011 to 5,273 homes in 2012). This is the 14th straight month of year-over-year increases. This is also the first time that pending sales have gone over the 5,000 home mark for two straight months since the association has been tracking pending sales. On a month-to-month basis, single-family homes put under agreement went down less than 1 percent from 5,267 homes in May.
The number of condos put under agreement in June was also up 29.1 percent compared with June 2011 (1,572 units in 2011 to 2,029 units in 2012). On a month-to-month basis, condos put under agreement were down 8.4 percent from 2,029 units in May.