The median price of a single-family home in Haverhill, Massachusetts increased in June 2018 and through June 2018, according to data compiled by the Massachusetts Association of Realtors.
Comparing June 2018 to June 2017, the median price increased 8.7 percent to $347,625 compared to $319,000. The median home price rose 8 percent through June to $340,000 compared to $314,900 during the same six-month period last year. The median home price in Haverhill through the first six months of 2012 was $231,450.
Homebuyers paid, on average, 100.6 percent of the original list price in June 2018 and 99.3 percent of the original list price during the first six months of the year.
Single-family home sales declined in June and through June. There were 56 houses sold in June, three fewer than in June 2017. From January through June, sales dipped 6.3 percent to 209 single-family properties sold compared to 223 closed transactions during the same timeframe in 2017.
Tight inventory has fueled rising home prices. There were 82 homes on the market at the end of June, a 3.5 percent dip from June 2017. There were 159 available single-family homes in June 2012.
The number of months supply of inventory remained at 2.1 months; however, about six months of inventory is considered a balanced market between home buyers and home sellers. New listings increased to 72 in June, an 18 percent jump from 61 in June 2017.
The median price of a condominium in Haverhill spiked 25 percent in June to $265,000. The median condo price in June 2012 was $159,500. Through June the median price of a condominium rose 8.6 percent to $240,000 from $221,000 in June 2017.
On average, homebuyers paid 101.2 percent of the original list price in June and 100.2 percent of the original list price for condos sold from January through June.
Condo sales increased by three units sold to 45 in June. There were 180 condominiums sold during the first half of the year compared to 188 closed transactions during the first half of 2017.
Condominium inventory was tighter than single-family housing stock in June. There were 59 available condominiums in June compared to 56 units in June 2017.
The number of months supply of condo inventory remained at 1.8 months in June. New listings increased to 52 in June, a 15 percent increase from 45 in June 2017.