Massachusetts June 2020 Closed Sales Stats
No slow down in sight; MA housing update for June 2021.
Median prices are +5.18% from May! and +26.31% Yoy.
Closed sales are +29.6% Yoy and YTD closed sales are out pacing last year by 14.89% and matching 2019's pace.
Inventory has pick up slightly, now only down 41% from 6/2020.
New listings are continuing to come on line, +6% from last year and inline with 6/2019. However, we are +1.89% from 2020's YTD pace and -18.62% from 2019's YTD - lots of room for improvement.
Months supply is still painfully low at 0.9 months.
Cumulative days on market is also at a new low, meaning houses are getting scooped up quickly.
Will the Delta Covid variant throw cold water on the housing market for July? I tend to doubt it.
