Massachusetts October 2021 Closed Sales Stats

[Timothy Lewman]

October 2021 Massachusetts Single Family Housing Stats: We have some statistical blips as we lap last years Covid skewed fall data.

Median Price: $520,000, +10.43% Yoy - September's Yoy increase was 7.14%, is this just a monthly blip or going back up?

Closed Sales: 4,839, -19.74% Yoy - tough comparison as October 2020 was like a summer selling month. 10/2019 was 4,943, about the same.

Closed Sales YTD: 46,077, +4.06% Yoy. 10/2019 was 46,394, about the same.

Inventory: 5,096, -21.60% Yoy. 10/2019 was 13,437(!), we can handle a lot more houses.

New Listings: 5,258, -19.93% Yoy. 10/2019 was 6,287. 

New Listings YTD: 57,207, -4.39% Yoy. 10/2019 was 66,704, we can handle a lot more houses.

Cumulative Days on Market: 30, -33.33% Yoy. 10/2019 was 59 days. New listings are low and not sticking around, driving prices further into nose bleed territory.