Massachusetts September 2021 Closed Sales Stats

[Timothy Lewman]

Mass housing stats for September, returning to normal?

Median Price: $525,000 +7.14% Yoy - 7ish % isn't unusual, I have multiple ~7% moves since 2016.

Sales: 5,344, -10.06% - normal number for September, 2020 was unusually high due to delayed purchases from Covid thus the yoy loss

YTD sales: 41,238, +8.36% - highest Sept read I have, houses are selling.

Inventory: 5,875, +6.16% - still too low compared to pre-Covid, see stacked chart.

New Listings: 6,366, -10.61% - still too low compared to pre-Covid, see stacked chart.

YTD New listings: 51,949, -2.47% - prior to Covid we were running 60k+ houses.

Months Supply: 1.2, -14.29% - persistently low indicating an unrelenting sellers market, see the Existing homes as a % of households chart, continues to shrink.

Cumulative days on Market: 26, -44% - persistently low indicating an unrelenting sellers market