---
title: Massachusetts Homes Sales Rise in July 2020 After Three Months
description: Historically low real estate inventory and record-low mortgage interest rates push home prices higher in Massachusetts, despite COVID-19 uncertainty.
image: https://info.buyersbrokersonly.com/hubfs/patio-wooden-chairs-green%20grass.jpg
---

(978) 835-5906             [![Search Icon](https://info.buyersbrokersonly.com/hs-fs/hubfs/Search%20Icon.png?width=30&height=30&name=Search%20Icon.png)](https://info.buyersbrokersonly.com/search-results-page)

[![Buyers Brokers Only, LLC – Real Estate Buyer Agents](https://info.buyersbrokersonly.com/hs-fs/hubfs/2023%20BBO%20Logo%20800x170.png?width=1600&height=340&name=2023%20BBO%20Logo%20800x170.png "Buyers Brokers Only, LLC – Real Estate Buyer Agents")](https://www.buyersbrokersonly.com/)

# Massachusetts Home Buyer Guide

![smaller-dotted-line.png](https://cdn2.hubspot.net/hub/298849/file-263826832-jpg/true_gray_line_websites.jpg?width=1175&name=true_gray_line_websites.jpg "smaller-dotted-line.png")

## [Massachusetts Homes Sales Rise in July 2020 After Three Months](https://info.buyersbrokersonly.com/blog/massachusetts-homes-sales-rise-after-three-months)

 Sep 1, 2020 8:29:47 AM

After three months of declining single-family home sales in Massachusetts, closed sales increased 3.6 percent in July compared to July 2019, the Massachusetts Association of Realtors (MAR) reported on August 18, 2020.

[![Comfortable and pleasant backyard at home with wooden chairs.](https://info.buyersbrokersonly.com/hs-fs/hubfs/patio-wooden-chairs-green%20grass.jpg?width=400&name=patio-wooden-chairs-green%20grass.jpg)](https://info.buyersbrokersonly.com/personal-home-buyer-consultation)There were 6,382 closed transactions in July compared to 6,162 in July 2019. In June, there were 4,867 single-family homes sold. The median home price increased by 8.4 percent to $475,000.

Condominium sales declined by 1.4 percent in July compared to July 2019. There were 2,202 units sold in July compared to 2,234 sales in July 2019. The median condo price rose 6 percent in July on a year-over-year basis to $423,500.

Historically low real estate inventory and record-low mortgage interest rates have pushed home prices higher. Despite the economic turmoil due to COVID-19, homebuyer demand remains strong in Massachusetts.

There were 6,942 new [single-family home listings](https://info.buyersbrokersonly.com/home-listings) and 3,016 new condominium listings, a more than 2,000 homes increase from June 2020, but combined inventory levels decreased more than 50 percent from July 2019, MAR reported.

### Interest Rates Decline

Average U.S. mortgage interest rates declined for the week ending August 27, 2020, according to Freddie Mac's weekly Primary Mortgage Market Survey.

The [30-year, fixed-rate mortgage loan](https://info.buyersbrokersonly.com/loan) declined to 2.91 percent, with an average 0.8 point, compared to 2.99 percent the previous week. A year ago, the 30-year note averaged 3.58 percent.

"This year has been anything but normal, and as the uncertainty lingers, mortgage rates remain near record lows," Sam Khater, Freddie Mac's Chief Economist, said. "These rates continue to incentivize potential buyers, and the home-buying season, which shifted from spring to summer, will likely continue into the fall."

[![Request Your Online Personal Home Buyer Consultation](https://no-cache.hubspot.com/cta/default/213639/f5009b0e-31f2-43a7-8665-a46798557b5c.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/f5009b0e-31f2-43a7-8665-a46798557b5c)

 Topics: [Real Estate Market](https://info.buyersbrokersonly.com/blog/topic/real-estate-market), [Massachusetts Home Prices](https://info.buyersbrokersonly.com/blog/topic/massachusetts-home-prices), [Massachusetts Association of Realtors](https://info.buyersbrokersonly.com/blog/topic/massachusetts-association-of-realtors), [Mortgage Rates & News](https://info.buyersbrokersonly.com/blog/topic/mortgage-rates-news)

[![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmassachusetts-homes-sales-rise-after-three-months%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmassachusetts-homes-sales-rise-after-three-months%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmassachusetts-homes-sales-rise-after-three-months%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmassachusetts-homes-sales-rise-after-three-months%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Massachusetts%20Homes%20Sales%20Rise%20in%20July%202020%20After%20Three%20Months) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmassachusetts-homes-sales-rise-after-three-months%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fmassachusetts-homes-sales-rise-after-three-months%3Futm_medium%3Dsocial%26utm_source%3Demail)

### [Blog Home](https://info.buyersbrokersonly.com/blog)

### Subscribe to this Blog

### Learn the Steps to Buying a Home in Massachusetts

### [![The Steps to Buying a Home](https://no-cache.hubspot.com/cta/default/213639/25735662-3637-4a46-8885-47ad1de2687d.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/25735662-3637-4a46-8885-47ad1de2687d)

### Search Homes For Sale

[![Search the latest home listings. Sign up for property alerts. ](https://no-cache.hubspot.com/cta/default/213639/4dbb4a3b-98e1-4dc2-9535-a0b7593b45c5.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/4dbb4a3b-98e1-4dc2-9535-a0b7593b45c5)

### Are You Ready to Learn Some Home-buying Tips? 

[![Schedule ](https://no-cache.hubspot.com/cta/default/213639/b9db055d-da2a-4719-ba31-1d5f31299e60.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/b9db055d-da2a-4719-ba31-1d5f31299e60)

### Learn About Buyer Agents

### Favorite Topics

• [Community Information](https://info.buyersbrokersonly.com/blog/topic/community-information)

• [Home-buying Tips](https://info.buyersbrokersonly.com/blog/topic/home-buying-tips)

• [Massachusetts Relocation](https://info.buyersbrokersonly.com/blog/topic/massachusetts-relocation)

• [Mortgage Tips & News](https://info.buyersbrokersonly.com/blog/topic/mortgage-rates-news)

• [Real Estate Market](https://info.buyersbrokersonly.com/blog/topic/real-estate-market)

• [Video](https://info.buyersbrokersonly.com/blog/topic/video)

### Most Popular Posts

### **Home Buyer Resources**

[Massachusetts Home Buyer Guide](https://info.buyersbrokersonly.com/guide-to-the-home-buying-process-massachusetts)

[New Hampshire Home Buyer Guide](https://info.buyersbrokersonly.com/guide-to-the-home-buying-process-in-new-hampshire)

[Rhode Island Home Buyer Guide](https://www.buyersbrokersonly.com/buying/how-to-buy-a-home-in-rhode-island)

[Wants v. Needs Worksheet](https://info.buyersbrokersonly.com/wants-needs-worksheet)

[Home Buyer House Scoring Tool](https://info.buyersbrokersonly.com/homebuyer-house-scoring-tool)

[103 Home Buyer Terms Download](https://info.buyersbrokersonly.com/home-buying-terms-for-the-home-buyer)

[Greater Boston Home Buyer Blog](https://info.buyersbrokersonly.com/blog)

<https://www.youtube.com/@HomeBuyersOnly?sub_confirmation=1><https://www.linkedin.com/company/1103909><https://twitter.com/OnlyBuyers>

### **Company**

[Home ](https://www.buyersbrokersonly.com/)

[About](https://www.buyersbrokersonly.com/about)

[Terms of Service](https://www.buyersbrokersonly.com/services)

[Privacy Policy](https://www.buyersbrokersonly.com/privacy-policy)

[Disclaimer](https://www.buyersbrokersonly.com/disclaimer)

[Press Room](https://info.buyersbrokersonly.com/press-room)

[Careers](https://www.buyersbrokersonly.com/careers)

[Coverage Area](https://www.buyersbrokersonly.com/coverage)

[Site Map](https://www.buyersbrokersonly.com/site_map)

### **Contact Us**

[Schedule a Consultation](https://info.buyersbrokersonly.com/personal-home-buyer-consultation)

Call / Text (978) 835-5906

[info@buyersbrokersonly.com](mailto:info@buyersbrokersonly.com)

[Contact Form](https://www.buyersbrokersonly.com/contact)

[Our Agents](https://www.buyersbrokersonly.com/brokers)

[Reviews](https://www.buyersbrokersonly.com/testimonials)

[![Fair Housing Matters to Buyers Brokers Only, LLC](https://info.buyersbrokersonly.com/hs-fs/hubfs/equal-housing-opportunity-logo-1200w.png?width=100&height=107&name=equal-housing-opportunity-logo-1200w.png)](https://naeba.org/naeba-celebrates-fair-housing-month-promotes-homebuyer-protection/)

 

### **Popular Searches** 

[Acton, MA Homes](https://www.buyersbrokersonly.com/acton-ma-homes-for-sale)

[Andover, MA Homes](https://www.buyersbrokersonly.com/andover-ma-homes-for-sale)

[Arlington, MA Homes](https://www.buyersbrokersonly.com/arlington-ma-homes-for-sale)

[Belmont, MA Homes](https://www.buyersbrokersonly.com/belmont-ma-homes-for-sale)

[Burlington, MA Homes](https://www.buyersbrokersonly.com/burlington-ma-homes-for-sale)

[Haverhill, MA Homes](https://www.buyersbrokersonly.com/haverhill-ma-homes-for-sale)

[Lexington, MA Homes](https://www.buyersbrokersonly.com/lexington-ma-homes-for-sale)

[Lynnfield, MA Homes](https://www.buyersbrokersonly.com/lynnfield-ma-homes-for-sale)

[Melrose, MA Homes](https://www.buyersbrokersonly.com/melrose-ma-homes-for-sale)

[Needham, MA Homes](https://www.buyersbrokersonly.com/needham-ma-homes-for-sale)

[North Andover, MA Homes](https://www.buyersbrokersonly.com/north-andover-ma-homes-for-sale)

[Salem, NH Homes](https://www.buyersbrokersonly.com/salem-nh-homes-for-sale)

[Somerville, MA Homes](https://www.buyersbrokersonly.com/somerville-ma-homes-for-sale)

[Walpole, MA Homes](https://www.buyersbrokersonly.com/walpole-ma-homes-for-sale)

[Westwood, MA Homes](https://www.buyersbrokersonly.com/westwood-ma-homes-for-sale)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Rich Rosa",
    "url" : "https://info.buyersbrokersonly.com/blog/author/rich-rosa"
  },
  "dateModified" : "2020-09-01T12:31:10.633Z",
  "datePublished" : "2020-09-01T12:29:47.000Z",
  "headline" : "Massachusetts Homes Sales Rise in July 2020 After Three Months",
  "image" : [ "https://info.buyersbrokersonly.com/hubfs/patio-wooden-chairs-green%20grass.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://info.buyersbrokersonly.com/blog/massachusetts-homes-sales-rise-after-three-months",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://info.buyersbrokersonly.com/hubfs/2023%20BBO%20Logo%20800x170.png"
    },
    "name" : "Buyers Brokers Only, LLC"
  }
}
```

```json
{
  "@context" : "https://schema.org",
  "@type" : "BreadcrumbList",
  "about" : [ {
    "@type" : "Thing",
    "name" : "Boston Real Estate"
  }, {
    "@type" : "Thing",
    "name" : "Home Buying Tips"
  } ],
  "description" : "Massachusetts Home Buyer Guide provides first-time homebuyers and those experienced in purchasing real estate with tips, advice, and news.",
  "image" : {
    "@type" : "ImageObject",
    "url" : "https://info.buyersbrokersonly.com/image.jpg"
  },
  "inLanguage" : "en-us",
  "isPartOf" : {
    "@type" : "WebSite",
    "name" : "Buyers Brokers Only",
    "url" : "https://info.buyersbrokersonly.com"
  },
  "itemListElement" : [ {
    "@type" : "ListItem",
    "item" : "https://info.buyersbrokersonly.com",
    "name" : "Home",
    "position" : 1
  }, {
    "@type" : "ListItem",
    "item" : "https://info.buyersbrokersonly.com/blog",
    "name" : "Blog",
    "position" : 2
  } ],
  "keywords" : [ "Massachusetts Home Buyer Guide", "time Homebuyer Tips", "Advice MA" ],
  "mainEntityOfPage" : "https://info.buyersbrokersonly.com/blog",
  "mentions" : [ {
    "@type" : "Thing",
    "name" : "Massachusetts Housing"
  }, {
    "@type" : "Thing",
    "name" : "Real Estate Market"
  } ],
  "url" : "https://info.buyersbrokersonly.com/blog"
}
```