Massachusetts February Single Family Housing Stats

[Timothy Lewman]

February Massachusetts Single Family Housing Stats: This may be the last of these Pandemic trends, things are starting to shift.

Median Price: $500,000 +8.11% Yoy; +26.58% from 2/2020.

12 month average Median Price: +14.41% Yoy; +29% from 2/2020.

Closed Sales: 2,332 -15.14% Yoy, 2,493 in 2020 and 2,669 in 2019.

12 month average Closed Sales: 55,570 -3.43% Yoy, 55,665 in 2020 and 55,603 in 2019.

Closed Sales Year to Date: 5,605 -11.48% Yoy, 5,752 in 2020 and 5,7222 in 2019.

Inventory: 2,349 -25.10% Yoy, 8,163 in 2020 and 10,262 in 2019. We can handle a lot more inventory if sellers ever come out of the wood work.

New Listings: 3,202 -5.85% Yoy, 4,986 in 2020 and 4,480 in 2019.

12 month average New Listings: 5,211 -2.87%, 6,045 in 2020 and 6,295 in 2019 New Listings Year to Date: 5,927 -10.63% Yoy, 8,913 in 2020 and 6,295 in 2019.

Months Supply: 0.5 -16.67% Yoy, 1.7 in 2020 and 2.2 in 2019.

Cumulative Days on Market: 40 -20% Yoy, 79 in 2020 and 83 in 2019.