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All Forum Posts by: Timothy Lewman

Timothy Lewman has started 53 posts and replied 163 times.

Post: Massachusetts Single Family Housing Stats for July 2024:More listings isn't the cure.

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113

Median Price: $678,500, +6.02% Yoy.



Closed Sales: 4,216, -11.89% Yoy.



YTD Closed Sales: 21,325, +1.38% Yoy.


12 Month Closed Sales: 38,118, -8.70 Yoy.


Inventory: 6,035, +31.62% Yoy.


YTD inventory: 33,454, -1.59% Yoy.


New Listings: 4,349, +10.77% Yoy.


YTD New Listings: 29,789, +8.16% Yoy.

Months Supply: 1.8, +38.46% Yoy.



Cumulative Days on Market: 29, +3.57% Yoy.


Existing Home Inventory as a Percent of Households: 0.22%. Range bound since 2021.

Post: Massachusetts Single Family Housing Stats for June 2024:More listings wasn't the cure

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113



Median Price: $699,900, +7.68% Yoy.



Closed Sales: 4,105, 7.55% Yoy.

YTD Closed Sales: 17,109, -0.50% Yoy.

Inventory: 6,121, +34.14% Yoy.


YTD Inventory: 27,419, -6.69% Yoy.


New Listings: 5,203, 8.67% Yoy.


YTD New Listing: 25,440, +7.73% Yoy.


Months Supply: 1.9, +46.15% Yoy.


Cumulative Days on Market: 27, -10.00% Yoy.

Post: Massachusetts May Housing Single Family Housing Stats

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113

Turning a corner with more inventory, more sales, still higher prices reflecting strong demand.Median Price: $660,000, +7.06% Yoy.Closed Sales: 3,615, +8.92% Yoy.12 month Closed Sales: 38,005, -13.85% Yoy.YTD Closed Sales: 13,004, +9.02% Yoy.Inventory: 5,896, +26.31% Yoy.YTD Inventory: 21,298, -10.88% Yoy.New Listings: 6,146, +15.96% Yoy.YTD New Listings, 20,237, +7.49% Yoy.Months Supply: 1.8, +38.46% Yoy.Cumulative Days On Market 38, -13.74% Yoy.

Post: Massachusetts Single Family Housing stats for April:New listings are up!

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113


Median price: $635,000, +7.99% Yoy.


Closed Sales: 2,842, +9.14% Yoy.


12 Month Closed Sales: 37,709, -16.26% Yoy.



YTD Closed Sales: 9,389, +2.08% Yoy.


Inventory: 4,429, +.093% Yoy.


YTD Inventory: 15,402, -12.37% Yoy.


New Listings: 4,960, +17.67% Yoy!!!!


YTD New Listings: 14,091, +4.17% Yoy.

Months Supply: 1.4, +16.67% Yoy.


Cumulative Days on Market: 43, -13.33% Yoy.

Post: Massachusetts Single Family Home Stats for February

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113

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.

Post: Massachusetts Single Family Housing Sales for January 2024

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113

Massachusetts Single Family Housing Sales for January 2024: After a brief hiatus, lower inventory and sales fuels the march towards higher prices.

Median Price: $570,000; +9.62% Yoy;


Closed Sales: 2,209; -1.30% Yoy;



Inventory: 3,518; - 6.56% Yoy;


New Listings: 2,589; +0.70 Yoy;


New Listings 12 Month Average: 3,747; -19.98% Yoy;


Month Supply; 1.1 months, +10.00 Yoy;


Cumulative Days on Market: 38; -6.50% Yoy

Post: Massachusetts Single Family Housing Stats for December

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113
Quote from @Kyle Spearin:

@Timothy Lewmanthanks for sharing! It would be great to have you share these insights at one of my meetups. This is fantastic.


I don't go to RE meetups much.  I used to when I was a noob but just stopped when Covid hit, never restarted.  What re the detail of your events?

Post: Massachusetts Single Family Housing Stats for October: Not enough listings and a surp

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113
Quote from @Carlos Ptriawan:

wow, look at those flat lines of inventory, I never see something like that ... it's new trend moving forward....

yes, that's my guess.  I don't see whats going to motivate sellers unless we have a recession bad enough to spike unemployment.

Post: Massachusetts Single Family Housing Stats for October: Not enough listings and a surp

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113
Quote from @Robin Simon:

Interesting stuff, MA market seems to be holding up pretty strong

It's cruising right along.

Post: Massachusetts Single Family Housing Stats for December

Timothy Lewman
Pro Member
Posted
  • Flipper/Rehabber
  • Worcester, MA
  • Posts 179
  • Votes 113

December Single Family Housing Stats: After a brief relent, price increases are continuing, monthly supply can't get above 2 months since the Pandemic - solid sellers market, limited choices for buyers.

Median Price: $567,500; +6.07% Yoy.

Closed Sales: 2,903; -20.42% Yoy.

YTD Closed Sales: 37,613; -15.21% Yoy.

Inventory: 3,500; -12.08% YoY

YTD Inventory -5.41% Yoy.

New Listings: 1,465; -7.98% Yoy.

YTD New Listings: 44,944; -20.23% Yoy.

Months Supply: 1.1; +10.00% Yoy.

Cumulative Days on Market: 39; -2.50% Yoy.