Massachusetts December 2021 Closed Sales Stats

[Timothy Lewman]

Massachusetts Single Family Housing stats for December 2021: Prices continue to move higher as sales remain strong, new listings are being bought and inventory has plummeted. Look for mortgage rates to rise this year as the Federal Reserve has begun the process of normalizing their policies in response to sustained inflation reads - including withdrawing support for mortgage backed securities. The consensus is that a rate range of 3.75% to 4.25% will start to hamper the mortgage market (buyer demand), we are currently at 3.64% according to the last read on 1/19/21.

Median Price: $525,000, +9.6% from 12/2020, +27.27% since 12/2019;

Sales: 5,155, -12.03% from 12/2020 and +8.8% from 12/2019;

Sales YTD: 56,297, -1.17% from 12/2020 and +1.2% from 12/2019;

Inventory: 2,669, -30.65% from 12/2020 and -67.9% from 12/2019;

New Listings: 2,181, -16.34% from 12/2020 and +6.8% from 12/2019

New Listings YTD: 63,242, -5.13% from 12/2020 and -12.7% from 12/2019;

Month Supply: 0.6, -15.6% from 12/2020 and -64.7% from 12/2019;

Cumulative Days on Market : 32, -17.95% from 12/2020 and -50.76% from 12/2019.