Massachusetts Home Buyer Guide

The Massachusetts real estate recovery continued in October.  

Single-family home sales rose again in October, increasing nearly 19 percent from October 2012, The Warren Group, publisher of Banker & Tradesman, reported November 26, 2013.

The real estate market for single-family homes in Haverhill, MA has increased in 2013, in both sales and median price, according to data provided by The Warren Group.

From January to September 2013, the median sale price for a single-family home in Haverhill increased 14 percent to $250,000 from $219,000 during the same time period in 2012. For the month of September, the median price stood at $275,700 compared to $210,000 in September 2012, an increase of 31 percent.

The price of a single-family home in Braintree, Massachusetts has increased through September 2013, according to The Warren Group, publisher of Banker & Tradesman.

The median price of a single-family home in Northborough, Massachusetts has increased through September 2013, but the price of a condominium has decreased, according to The Warren Group, publisher of Banker & Tradesman.

From January to September 2013, the median price of a single-family home in Northborough, MA increased 2.59 percent to $356,000 compared to $347,000 during the same nine-month period in 2012. For September 2013, the median price increased to $399,750 from $297,500 in September 2012; an increase of 34.37 percent.

The price of a single-family home in Medfield, Massachusetts, as well as home sales, have declined in 2013, according to data provided by The Warren Group.

From January to September 2013, the median sale price of a single-family home in Medfield, MA decreased 6.15 percent to $572,500 from $610,000 during the same period in 2012; however, in September 2013 the median price slightly increased to $619,900 from $616,000 in September 2012.

Rising interest rates were expected by some to slow the red hot Massachusetts real estate market, but Bay State home buyers have not been deterred and home sales and prices have increased throughout 2013. 

Last month marked the best September for Massachusetts single-family homes sales since 2005, The Warren Group, publisher of Banker & Tradesman, reported October 22, 2013, and median prices increased in September, the third quarter and through the first nine months of the year. 

The price of a single-family home in Belmont, Massachusetts has increased in 2013, according to data provided by the Warren Group, the publisher of Banker & Tradesman. 

From January through August 2013, the median price of a single-family home in Belmont, MA increased 15.07 percent to $782,500 compared to $680,000 during the same eight-month period in 2012.  For August 2013, the median price increased to $818,000 from $662,500 in August 2012. 

The median price for a single-family home in Tewksbury, Massachusetts through the first eight months of 2013 increased 6.29 percent compared to the same period in 2012, according to data provided by MLS Property Information Network Inc.

The median home price through August 2013 was $321,000, compared to $302,000 from January through August 2012. Tewksbury, MA single-family homes sold in 2013 showed a wide price range, with the cheapest sold at $88,000 and the most expensive at $700,000.

The median price for a single-family home in Braintree, Massachusetts increased 7.52 percent during the first eight months of 2013; however, the median price declined 4.88 percent in August compared to the previous year, according to data provided by The Warren Group. 

The median price of a Braintree, MA single-family house stood at $330,000 January through August 2012. The median price increased to $354,800 during the same period this year. The median price in August stood at $366,200 compared to $385,000 in August 2012. 

The Massachusetts housing recovery, especially the increase in home prices, clearly has spared many homeowners from foreclosure. Other factors, such as loan modifications, have played a role in the decline in foreclosures, but the decline in foreclosure activity has coincided with the improved Massachusetts real estate market. 

August marked the 15th consecutive month of year-over-year foreclosure deed decreases in Massachusetts, The Warren Group reported October 1, 2013. Foreclosure deeds are the final step in a Massachusetts foreclosure. 

The median price of a single-family home in Amesbury, Massachusetts increased 9.49 percent in August 2013, according to data provided by The Warren Group, publisher of Banker & Tradesman. 

The median price in August increased to $300,000 from $274,000 in August 2012. From January through August, the median price of a single-family home in Amesbury, MA increased 17.47 percent to $297,500 from $253,250 during the same eight-month period in 2012. 

The median price of a single-family home in Massachusetts increased 10.6 percent to $340,000 in August 2013, The Warren Group reported September 24, 2013. 

Last August the median price of a single-family home stood at $307,500. Median prices for single-family homes have increased 11 straight months. Through August 2013, the median price was $325,000, an increase of more than 12 percent from $290,000 during the first eight months of 2012.