Massachusetts November 2021 Closed Sales Stats

[Timothy Lewman]

Massachusetts SFH stats for November: More of the same insanity...houses selling like normal but not nearly enough new listings - keeping prices elevated and days on market compressed.

Median Price: $525k +9.38% from 11/2021 (Yoy), +29.63% from 11/2019;

Closed Sales: 5,065 -4.83% Yoy, 4,504 for 11/2019;

YTD Closed Sales: 51,142 +2.08% Yoy, 50,898 for 11/2019; No problem selling houses, within normal range for November since 2015;

Inventory: 3,848, -28.94% Yoy, 11,142 for 11/2019; the stack chart tells the story - lower and lower;

New Listings: 3,854 -8.76% Yoy, 3,680 for 11/2019; Lowest November reading since 2015;

YTD New Listings: 61,061 -4.68% Yoy, 70,384 for 11/2019; Lowest November reading since 2015;

Months Supply: 0.8 -27.27% Yoy, 2.3 for 11/2019; obscene!

Cumulative Days on Market: 30 -18.92% Yoy, 62 for 11/2019; also obscene!