Massachusetts April 2020 Closed Sales Stats

[Timothy Lewman]

It's been a hell of a ride for Massachusetts Single Family Housing (SFH). Here are the April numbers, all in Yoy unless stated.

Median Price $528,000; +20.23%

Closed Sales: 3,923; +14.01% - seems large due to Covid shut down base effects

Closed sales YTD: 13,640; +5.09%

Inventory: 4,103; -51.87% - bad but an improvement over Marches -62.37%. Also note March was 3,151, the monthly increase was 952 houses. See the stack chart, we are well below the levels from prior years.

New Listings: 6,721; +69.29% - seems large due to Covid shut down base effects. Also note March was 5,804, the monthly increase was 917 houses. See the stack chart to compare to prior years.

New Listings YTD: 19,157; -6.85%. Months Supply: 0.8 months - it
actually went up from March's 0.6 result of increased new listings that
didn't sell.

Cumulative Days on Market: 36; +40%. Houses are flying off the market.

Months Supply: 0.8, up from 0.6 in March 21