Massachusetts July 2023 Single Family Housing Stats

[Timothy Lewman]

Massachusetts Single Family Sales data for July 2023: Market is stuck... low listings and even lower sales is keeping prices high. There is no catalyst, like mass layoffs, to force holders into sellers.

Median Price: $640,000, +5.44% Yoy

Closed Sales: 3,768, -23.10% Yoy

12 Month Closed Sales: 41,748, -21.19% Yoy

Inventory 4,585, -26.35% Yoy

YTD Inventory: +15.66% Yoy

New Listings: 3,926, -29.18% Yoy

YTD New Listings: 27,541, -25.38% Yoy

Months Supply: 1.3, -7.14% Yoy

Cumulative Days on Market: 31, +29.5% Yoy

Existing Inventory as a Percentage of Households: 0.17%