NEW: MA Home Sales and Median Prices Up in November

Wednesday, December 19, 2012

GoLocalWorcester Business Team

The RE/MAX of New England November Monthly Housing Report shows encouraging growth, and RE/MAX of New England Executive Vice President & Regional Director Dan Breault suggests New England is starting to see a shift into a seller’s market in many communities.

Home sales in Massachusetts increased 29.9 percent year-over-year from 4,092 in November 2011 to 5,315 in November 2012, with the median price increase of 5.5 percent to $290,000 from $275,000, the largest year-over-year jump in the region.

“This has been a transition year for the housing market, with stronger home sales and prices on the rise in New England,” said Breault.

“We are starting to see a shift into a seller’s market in many New England communities; with low inventories, prices are rising and homes are moving off the market quickly. We expect this momentum to continue in 2013.”