All Forum Posts by: Timothy Lewman

Hi, Sorry, I have no info on specific towns, a realtor should be able to help you with that. I invest in flips in central MA, currently working on a 4 unit apartment rehab in Fitchburg.

0 Votes

Boston, Massachusetts

Massachusetts Single Family housing stats for November: Big price jumps two months in a row!

Median Price: $605,000; +15.69% yoy.

Closed Sales: 3,238; -9.93% yoy

12 Month Closed Sales: 38,358; -22.10% yoy

YTD Closed Sales: 34,710; -12.52% yoy

Inventory: 4,985, -10.33% yoy

YTD Inventory; -2.30% yoy

New Listings: 3,095; -4.42% yoy

YTD New Listings: 43,479; -20.58% yoy

Month Supply: 1.5, +7.14% yoy

Cumulative Days on Market: 32, -13.51% yoy.

1 Vote

Boston, Massachusetts

Median Price: $615,000, +12.43% Yoy;

Closed Sales: 3,254, -14.95$ Yoy;

12 Month Closed Sales: 38,715, -23.65% Yoy;

YTD Closed Sales: 31,472, -21.95% Yoy;

Inventory: 5,508; -16.08% Yoy;

YTD Inventory: +1.88% Yoy;

New Listings: 4,220, -3.19% Yoy;

12 Month New Listings: 3,768, -21.43% Yoy;

YTD New Listings: 40,384, -21.60% Yoy;

Months Supply: 1.7 months, +6.25% Yoy;

Cumulative Days on Market: 32; +3.42% Yoy.

1 Vote

Boston, Massachusetts

Massachusetts September 2023 Single Family Closed Sales: Same old song and dance of higher prices and low sales and inventory.

Median Price: $600,000, +5.26% Yoy.

Closed Sales: 3,312, -27.80% Yoy.

Closed Sales YTD: 28,218, -24.96% Yoy.

Inventory: 5,475, -19.67% Yoy .

Inventory YTD: +6.76% Yoy.

New Listings: 4,466, -16.24% Yoy.

YTD New Listings: 36,164, -23.30 Yoy.

Months Supply: 1.7, 0.00%, same as last year

Cumulative Days on Market: 32., 0.00%, same as last year

0 Votes

Boston, Massachusetts

Mass Closes Sales Single Family Stats for August 2023: market is parallelized.

Media Sales Price: $630,000, +5.18% yoy

Closed Sales: 4,086, -22.50% Yoy

12 Month Closed Sales: 40,562, -22.71% Yoy

YTD Closed Sales: 24,906, -22.79% Yoy

Inventory: 4,633, -23.31% Yoy

YTD Inventory +11.34% Yoy

New Listings: 4,157, -15.30% Yoy

YTD New Listing: 31,698, -24.20% Yoy

Month Supply: 1.4, -17.65% Yoy

Cumulative Days on Market: 31, +19.23% Yoy

1 Vote

Boston, Massachusetts

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%

1 Vote

Boston, Massachusetts

Prices are staying high b/c there aren't enough listings and sales.

Median Price: $650,000, +3.34% Yoy

Closed Sales: 4,400, -21.76% Yoy.

12 month closed sales: 42,880, -20.33% Yoy.

YTD closed sales: 17,052, -21.72% Yoy.

Inventory: 4,563, -19.10% Yoy.

12 month inventory: +20.59% Yoy.

New Listings: 4,788, -35.58% Yoy.

12 month new listings: -20.76% yoy

YTD new listings: 23,615, -24.71% yoy.

Months Supply: 1.3 same as 6/2022, 0.00% yoy,

Cumulative days on market: 35, +36.36 yoy.

2 Votes

Boston, Massachusetts

Massachusetts Single Family Sales for May 2023: Lower sales, higher inventory, the trend continues.

Median Price: $616,450; -0.21% Yoy.

Sales: 3,319, -21.67% Yoy.

YTD Sales: 12,612; -22.22% Yoy.

Inventory: 4,668; +8.31% Yoy.

YTD Inventory: +25.22 Yoy.

New Listings: 5,300; -21.20% Yoy.

YTD New Listings: 18,827, -21.34%

Months Supply: 1.3 months, +30% Yoy.

Days on Market: 34, +36%.

1 Vote

Boston, Massachusetts

Massachusetts Single Family Home Sales April 2023: lower sales, higher inventory than last year. Sales are slower than listings so inventory is increasing.

Median Price: $588,000, -0.34% Yoy – I really don’t see big changes in prices until we get forced sellers via unemployment