Massachusetts Single Family Home Stats for February

[Timothy Lewman]

Massachusetts Single Family Home Stats for February: Despite an increase in new listings, not enough homes for sale to meet demand - stop me if you've heard this before - prices continue to rise.

Median Price: $569,000 +9.42% Yoy.

Closed Sales: 1,917, +0.95% Yoy.

12 Month Closed Sales: 37,602, -18.72% Yoy.

YTD Closed Sales: 4,126 -0.27% Yoy.

Inventory: 3,805, +11.85% Yoy.

YTD inventory: -9.03%

New Listings: 2,958, +17.58% Yoy.

YTD New Listings: 5,547, +8.96% Yoy.

Month Supply: 1.2, +33.33% Yoy - firmly in a sellers market.

Cumulative Days on Market: 49, -7.55% Yoy.