Massachusetts Home Buyer Guide

From January through November 2013, the price of a single-family home in Wakefield, Massachusetts increased compared to the same period in 2012, but median condo prices declined, the Massachusetts Association of Realtors (MAR) reported last month.

From January through November 2013, the median price of single-family homes and condominium in Haverhill, Massachusetts increased compared to the same period in November 2012, according to data compiled by the Massachusetts Association of Realtors (MAR).

The median price of a single-family home increased through November 2013 to $263,000, a 14.8 percent increase compared to $229,000 during the same eleven-month period in 2012. For the month of November 2013, the median price was $249,900, up 11.1 percent from $225,000 in November 2012.

From January through November 2013, the price of a single-family home in Needham, Massachusetts increased compared to the same period in 2012, according to real estate data compiled by the Massachusetts Association of Realtors (MAR).

The median price of a single-family home through November 2013 increased 17.2 percent to $805,000 compared to $687,000 during the same eleven months in 2012; however, for the month of November 2013, the median price dropped to $687,500, a 4.5 percent decrease from $720,000 in November 2012.

From January through November 2013, the price of a single-family home in Burlington, Massachusetts increased compared to the same period in 2012, the Massachusetts Association of Realtors reported last month.

The median price of a single-family home increased 7.7 percent to $420,000 compared to $390,000 during the same eleven-month period in 2012. In November 2013, the median price increased to $410,000, a 0.6 percent increase from $407,500 in November 2012.

From January through November 2013, the price of a condominium in Cambridge, Massachusetts increased compared to the same period in 2012, the Massachusetts Association of Realtors reported in December.

The median price of a condominium in Cambridge, MA rose 15.2 percent to $514,250, up from $446,250 during the same eleven months in 2012. During the month of November, the median price increased to $616,750, a 34.4 percent rise from $459,000 for a condo during November 2012.

From January through November, the price of a single-family home in Brookline, Massachusetts increased compared to the same period in 2012, the Massachusetts Association of Realtors (MAR) reported recently.

The median price of a single-family home increased 9.4 percent to $1,367,250 compared to $1,250,000 during the same eleven-month period in 2012. In November 2013, the median price rose to $1,825,000, a 57.3 percent increase compared to $1,160,000 in November 2012.

The price of a single-family home in Marshfield, Massachusetts increased through October 2013, according to data compiled by The Warren Group, publisher of Banker & Tradesman.

From January through October 2013, the median price of a single-family home in Marshfield, MA increased 6.77 percent to $355,000 compared to $332,500 during the same ten-month period in 2012. In October 2013, the median price increased 30 percent to $390,000 from $300,000 in October 2012.

From January through October 2013, the price of a single-family home in Dunstable, Massachusetts decreased compared to the same period in 2012, according to The Warren Group, publisher of Banker & Tradesman.

The median price of a single-family home in Boxborough, Massachusetts increased 15.44 percent in October 2013, but home prices declined from January through October, according to data provided by The Warren Group, publisher of Banker & Tradesman. 

The median price in October increased to $544,000 from $471,250 in October 2012; however, bucking the statewide trend, from January through October, the median price of a single-family home in Boxborough, MA decreased 7.9 percent from $520,000 to $478,938 during the same ten-month period in 2012. 

U.S. pending home sales increased slightly in November, with monthly increases in the South and West offseting declines in the Northeast and Midwest, the National Association of Realtors® (NAR) reported December 30, 2013.

The Pending Home Sales Index (PHSI), as the NAR refers to it, is a forward-looking indicator based on contract signings. Nationally, pending home sales inched up 0.2 percent in November from October, but were 1.6 percent below November 2012. This data reflect contracts, but not actual real estate closings.

Real estate industry pundits can argue about the reasons why, but there isn't any denying that the foreclosure crisis that gripped Boston for several years ended in 2013.

Lenders initiated 230 foreclosure petitions – the first step in the foreclosure process in Massachusetts – in 2013 compared to 890 foreclosure petitions in 2012, a decline of 74.15 percent, The Boston Globe reported January 1, 2014. The foreclosure peitions were the fewest since 2003. 

Following most municipalities in the Bay State, the price of a single-family home in Marshfield, Massachusetts increased through October 2013, according to The Warren Group, publisher of Banker & Tradesman.

From January through October 2013, the median price of a single-family home in Marshfield, MA increased 6.77 percent to $355,000 compared to $332,500 during the same ten-month period in 2012. In October 2013, the median price increased 30 percent to $390,000 from $300,000 in October 2012.