Despite some signs of a slowing Massachusetts real estate market, it's still a tough housing market for homebuyers. Single-family and condominium sales are down, median home price growth is slowing but still up, inventory remains extremely tight, new listings are down, and interest rates have risen dramatically.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors
After dropping below 5 percent at the beginning of August, average U.S. mortgage interest rates have increased over the past several weeks, according to Freddie Mac's weekly Primary Mortgage Market Survey.
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Topics:
Mortgage Rates & News
The median price of a single-family home in Marshfield, Massachusetts, declined in July, according to data compiled by the Massachusetts Association of Realtors.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Marshfield MA
Despite higher interest rates, the median price of a single-family home in Massachusetts rose 9 percent in July and 10 percent through July; however, home prices in Kingston, Massachusetts, dropped, according to the Massachusetts Association of Realtors.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Kingston MA
The Massachusetts real estate market delivered more of the same in July 2022, with sales down, prices up, and inventory shrinking.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Mortgage Rates & News
Andover, Massachusetts, located in Essex County about 25 miles north of Boston, saw single-family home sales and prices in July 2022 move more than 20 percent but in different directions.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Andover MA
There is a popular saying in real estate: "All real estate is local." To a large extent, that is true. Demand, which largely dictates median sale price, inventory, and other market conditions - varies from community to community.
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Topics:
Home-buying Tips,
Real Estate Misc.,
New Hampshire
Prospective homebuyers in Massachusetts have a lot to consider when deciding on a home, and one of those considerations is whether there are any real estate easements affecting the land.
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Topics:
Home-buying Tips,
Real Estate Misc.,
Real Estate Law
Uncertainty surrounding inflation and other economic factors resulted in a decline in the average U.S. mortgage interest rate, according to Freddie Mac's weekly Primary Mortgage Market (PMMS) Survey for the week ending August 4, 2022.
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Topics:
Massachusetts Association of Realtors,
Mortgage Rates & News,
National Association of Realtors,
Greater Boston Association of Realtors
During the first half of 2022, the Acton, Massachusetts real estate market saw home prices increase, and sales decrease, while inventory remained tight in June.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
Acton MA
While the Boston area real estate market cooled off in the late spring and summer of 2022 compared to a year ago, multiple offers on desirable homes are still the norm. Prospective home buyers continue to look for ways to make their offers attractive to sellers.
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Topics:
Home-buying Tips,
Real Estate Misc.