Massachusetts June 2020 Closed Sales Stats

[Timothy Lewman]

No slow down in sight; MA housing update for June 2021.

Median prices are +5.18% from May! and +26.31% Yoy.

Closed sales are +29.6% Yoy and YTD closed sales are out pacing last year by 14.89% and matching 2019's pace.

Inventory has pick up slightly, now only down 41% from 6/2020.

New listings are continuing to come on line, +6% from last year and inline with 6/2019. However, we are +1.89% from 2020's YTD pace and -18.62% from 2019's YTD - lots of room for improvement.

Months supply is still painfully low at 0.9 months.

Cumulative days on market is also at a new low, meaning houses are getting scooped up quickly. 

Will the Delta Covid variant throw cold water on the housing market for July? I tend to doubt it.

[John Kaspar]

Originally posted by @Caleb Andrea:

It looks like I will likely be re locating to the Boston area and Zillow seems to have plenty of options showing north of Boston/South of NH. Are people leaving the Eastern half of Mass right now?

Caleb,

The majority of the state lives on the eastern side of the state. a lot of economy is focused east of the I495 ring.