September Massachusetts Housing Numbers

Hi everyone, got some more economic data on housing. In Massachusetts. We have our 30 consecutive median price increases on SFH, up 4.7 percent from Sept 2017 to $379,450. However, transaction volume is down by 8.1% @ 4,942 single-family home sales in Massachusetts in the same period. Demand remains for SFH despite economic headwinds - aka Trumps Tariffs.

Condominium sales volume in September totaled 1,865 transactions, marking a 14.3 percent decrease from a year earlier. Meanwhile, the median condo price dipped 3.8 percent to $328,000 – the lowest price achieved for the month of September since 2015. This is a cause of concern and warrants further monitoring.

https://www.bankerandtradesman.com/september-marks... https://www.bankerandtradesman.com/u-s-trade-defic...