Massachusetts Home Buyer Guide

The number of single-family homes sold in Haverhill, Massachusetts declined 32.4 percent in April compared to April 2013, according to data compiled by the Massachusetts Association of Realtors. 

There were 25 single-family homes sold in April, down from 37 homes sold in April 2013. From January through April, there were 82 homes sold, down 16.3 percent compared to 98 sales during the first four months of 2013. Pending sales did increase in April. There were 45 pending home sales in April, a 7.1 percent increase compared to 42 pending sales in April 2013. The first four months of the year had 134 pending home sales, up 3.9 percent from 129 pending sales in January through April 2013. 

The median price of a single-family home in Haverhill, MA also declined in April. The median price for homes sold in April was $246,900, down 11.3 percent from $278,500 in April 2013. Through April, the median price was $243,750, a 9.7 percent decrease compared to $270,000 during the same period in 2013. Single-family homes sold for 92.9 percent of the original listing price in April and 93.2 percent of the original listing price during the first four months of 2014.

Real estate inventory declined more than 30 percent. There were 86 single-family homes available as of April 30, 2014, a decline of 30.6 percent compared to the 124 available homes in April 2013. Months supply of inventory went from 4.1 months in April 2013 to 2.7 months in April 2014, a 34.1 percent decline. New listings were flat, with 55 single-family homes hitting the market in both April 2013 and April 2014. Through the first four months of the year, new listings increased 10.2 percent. There were 173 new single-family home listings through April compared to 157 new listings during the first four months of 2013. 

The average number of days that a single-family home remained on the market in Haverhill declined 32.6 percent (Learn about days on the market).

The Haverhill condominium market fared better than the single-family market. Condo sales increased from 15 in April 2013 to 19 in April 2014, a 26.7 percent increase. There were 66 units sold through April, a 17.9 percent increase from the first four months of 2013. Condo sales should remain strong. Pending sales increased from 21 in April 2013 to 34 this past April, a 61.9 percent increase. Through April, there were 97 pending sales compared to 67 pending sales from January through April 2013, a 44.8 percent increase. 

Although up during the first four months of the year, the median condo price declined from $159,000 in April 2013 to $152,900 in April 2014, a 3.8 percent decline. Through April, the median price of a condominium stood at $166,500, a 12.9 percent increase from $147,500 during the same period in 2013. Condos sold for 94.3 percent of the original listing price in April, 1.2 percent decline from April 2013. From January through April, condominiums sold for 94.1 percent of the original list price, a 1.4 percent decline. 

Condominium inventory also declined. As of April 30, 2014, there were 66 available units in Haverhill, down 31.3 percent compared to the 96 available units in April 2013. The 66 available condos translated into 3.3 months supply, a 38.4 percent decline compared to April 2013's 5.4 months supply of inventory. There were 39 new condominiums listed in April compared to 41 in April 2013, a 4.9 percent decline. Through the first four months of the year, new condo listings were flat, with a 115 in 2013 and 2014.

Unlike single-family homes, condominiums took longer to sell in April. The average number of days on the market for condos increased 47.2 percent in April and 1.2 percent during the first four months of the year.