Central Mass homes sales up, condo sales down
Pending single-family sales in Central Massachusetts increased in June, according to the state’s Realtors’ group, while confidence among its members statewide declined.
The Massachusetts Association of Realtors (MAR) said the number of Central Massachusetts’ single-family homes placed under agreement - indicating they’ll likely be sold in the next two to three months - increased 19.4 percent from 757 in June 2013 to 904. However, the number of local condominiums placed under agreement fell 4.9 percent, from 162 to 154.
The median June sales price for a single-family home in Central Massachusetts remained flat at $260,000, while the median local condo price rose 0.6 percent to $191,000.
Statewide, single-family home sales rose 19.8 percent from 5,221 to 6,253, the highest-ever June reading since the MAR began tracking the data in 2004. Condominium sales statewide were up 13.2 percent, from 2,105 to 2,382.
“This activity should act as another positive sign for homeowners who want to sell, but who have been holding off,” MAR President-Elect Corrine Fitzgerald said in a statement. “With the inventory still low, sellers would be in a good position to enter the market.”
However, confidence among MAR members statewide sunk for the eighth straight month, from 76.4 in June 2013 to 63.89 last month. And the group’s price confidence index fell slightly year over year from 75 to 74.6, marking the third consecutive month of decline.
“While the Realtor market confidence index continues to be in the positive range, the market needs an infusion of homes for sale to push that number back up to where it’s been in the past,” Fitzgerald said.
(Image credit: freedigitalphotos.net)
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