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PENDING SALES INCREASES CONTINUE IN MASSACHUSETTS - 15th STRAIGHT MONTH

The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes and condominiums put under agreement were up again in July. This is the 15th straight month compared to the same time the year before that the number of single-family homes and condominiums put under agreement increased. Pending figures are a leading indicator of actual housing sales in Massachusetts for the following 2-3 months.
 
"With another pending sales increase in July, our confidence that the market is getting closer to recovery also increases," said 2012 MAR President Trisha McCarthy. "The significant boost in homes put under agreement compared to last year means closed sales should continue to remain positive through the fall."
 
The number of single-family homes put under agreement in July was up 33.58 percent compared to the same time last year (*3,514 homes in 2011 to 4,694 homes in 2012). This is the 15th straight month of year-over-year increases. While pending sales in July ticked under the 5,000 home mark after two straight months, this is still the most homes put under agreement in a July since the Association has been tracking pending sales.
 
The number of condos put under agreement in July was up 29.87 percent compared to July 2011 (*1,349 units in 2011 to 1,752 units in 2012).
  • August 17 2012 - US
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