Massachusetts Home Sales Down 11.6%
Sales are down 11.6% year over year with August 2022 at 8,844 over 10,004 last August. Sales are down across all categories.
- Single families: 6,318 (2021) | 5,732 (2022)
- Condominiums: 2,773 (2021) | 2,298 (2022)
- Multi-families: 913 (2021) | 814 (2022)
Average prices have continued their rise with another year-over-year increase of 4.1%, now at $608,270. Prices increased in every category.
- Single families: $665,256 (2021) | $679,598 (2022)
- Condominiums: $441,472 (2021) | $470,919 (2022)
- Multi-families: $627,863 (2021) | $658,640 (2022)
Homes Listed For Sale:
Sales have remained down month over month as sellers aren’t as motivated to list as they were during the market boom last summer – evidenced by the fact that the number of homes listed is down by 20.2% when compared to August 2021.
- 2022: 7,100
- 2021: 8,893
- 2020: 9,744
Pending Home Sales:
The number of homes placed under contract is down by 15.1% when compared to August 2021.
- 2022: 7,166
- 2021: 8,418
- 2020: 10,312
Price Reductions:
If you are a seller whose home has been sitting on the market, the price is the first thing to consider adjusting. The number of price reductions is down by 1.4% when compared to August 2021.
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- 2022: 701
- 2021: 711
- 2020: 727