Massachusetts Home Buyer Guide

The median price and number of sales of single-family homes in Maynard, Massachusetts were flat in the first quarter, according to data compiled by the Massachusetts Association of Realtors.

Single-family home sales increased by only one to 17 houses sold in the first quarter, and the median price declined 0.7 percent to $330,000 compared to $332,450 during the first three months of 2015. New listings increased 39.1 percent to 32, but the average number of days on the market decreased 34.3 percent. Pending sales increased 60 percent to 32 in the first quarter compared to 20 during the same period in 2015.  

Just two single-family homes closed in March, with a median price of $415,500; however, pending sales increased 100 percent to 20 compared to 10 in March 2015. New listings increased to 19 compared with 11 in March 2015. Both the number of homes on the market and months supply of inventory increased 20 percent, but inventory remained tight at just 1.8 months supply. About six months of inventory is considered a balanced market between buyers and sellers. 

On average homebuyers paid 96.2 percent of the original list price during the first quarter and 96.7 percent in March.

Just one condominium sold in March, fetching $399,000 (99.8 percent of the original list price) for its owner. There was only one condo sale in March 2015 too. Condominium inventory increased 80 percent to 9 units available, and months supply of inventory increased 66.7 percent to three months, making it slightly less of a seller's market for condos in Maynard. 

Condominium sales increased 50 percent to 6 in the first quarter. The median price declined 10.6 percent to $243,500 compared with $272,450 in the first quarter of 2015. New listings spiked 166.7 percent to 16 units and pending sales jumped 85.7 percent to 13 units. A pending sale means the parties have signed a purchase and sale agreement, but have not yet closed. Not all pending sales result in closings, but pending sales are a good indicator of future closed sales. Homebuyers paid on average 96.5 percent of the original list price in the first quarter.