MA Median Single-Family Home Price Reaches $610,000 in June
Median condo price remains above $500,000 for the third consecutive month.
PEABODY, July 19, 2022 – The median sale price for single-family homes reached $610,000 in June, the first time the median sale price has exceeded $600,000 since record keeping began in 1987, according to a new report from The Warren Group, a leading provider of real estate and
transaction data.
Single-Family Homes
Last month, there were 6,182 single-family home sales in Massachusetts, an 11.5 percent decrease from June 2021 when there were 6,987 transactions. Meanwhile, the median single-family sale price spiked 9.9 percent on a year-over-year basis to $610,000, up from $555,000 in June 2021 – a new all-time high for single-family homes since The Warren Group started tracking sales activity in 1987.
“This is the first time that the Massachusetts median single-family home price has ever exceeded the $600,000 mark. Keep in mind that it was only 14 months ago when the median price of $500,000 was exceeded for the first time. I doubt we’ve seen the end of it,” said Tim Warren, CEO of The Warren Group. “Experts keep speculating that with the recent hike in interest rates that prices could plateau in the near future, but I’m not sure we’re at the tipping point just yet. Price increases are moderating this year, but they are far from flatlining. There are just so many buyers and not enough homes to go around. I expect prospective buyers to continue paying significant premiums in the coming months, even as it gets more expensive to borrow money.”
Year-to-date, there have been 24,553 single-family home sales in Massachusetts, a 10.5 percent decrease from the first six months of 2021. Meanwhile, the year-to-date median single family home price increased 10 percent on the same basis to $550,000.
Condominiums
There were 2,748 condominium sales in June 2022, compared to 3,189 in June 2021 – a 13.8 percent decrease on a year-over-year basis. Meanwhile, the median sale price increased 10.2 percent on a year-over-year basis to $539,000 – the third consecutive month that the median condo price has hovered above $500,000.
“Historically, condos have been a more affordable alternative for homeownership in Massachusetts,” Warren added. “Even though the median sale price of $539,000 is significantly lower than the median single-family home price of $610,000, it’s still prohibitively expensive for many buyers, especially as purchasing power declines due to rising mortgage rates.”
Year-to-date, there have been 12,264 condo sales, an 11.6 percent decrease from the first six months of 2021 with a median sale price of $499,000, an 8.5 percent increase on the same basis.
LOCAL STATISTICS: Click for a breakdown of town sales and county sales statistics.
MA Median Single-Family Home Price Sets Another All-Time High in May Median condo price remains above $500,000 for the second consecutive month.
PEABODY, June 21, 2022 – The median sale price for both single-family homes and condominiums continued to set records in May, as limited inventory and fierce competition
continued to add upward pressure to prices, according to a new report from The Warren Group, a leading provider of real estate and transaction data.
Single-Family Homes
Last month, there were 4,788 single-family home sales in Massachusetts, a 7.3 percent decrease from May 2021 when there were 5,165 transactions. Meanwhile, the median single-family sale price increased 12.4 percent on a year-over-year basis to $590,000, up from$525,000 in May 2021 – a new all-time high for single-family homes since The Warren Group started tracking sales in 1987.
“I might sound like a bit of a broken record announcing that the median single-family home price reached yet another new all-time high, but it’s truly indicative of current market conditions,” said Tim Warren, CEO of The Warren Group. “The balance between supply and demand has been way out of sync for some time, and this is the manifestation of that imbalance. To cope, many buyers are setting their sights on markets further and further from major hubs – and even outside of Massachusetts.”
Year-to-date, there have been 18,371 single-family home sales in Massachusetts, a 10.1 percent decrease from the first five months of 2021. Meanwhile, the year-to-date median single family home price increased 10.4 percent on the same basis to $530,000.
Condominiums
There were 2,414 condominium sales in May 2022, compared to 2,730 in May 2021 – an 11.6 percent decrease on a year-over-year basis. Meanwhile, the median sale price increased 7.1 percent on a year-over-year basis to $525,000 – the second consecutive month that the median condo price has hovered above $500,000
“The median condo price has now been above $500,000 for two straight months, and the median price of $525,000 marked a new all-time high for the month of May,” Warren continued. “It’s apparent that demand for condos is strong, which may make it difficult for prospective homebuyers who are looking at condos as an alternative to single-family homes.”
Year-to-date, there have been 9,516 condo sales, an 11 percent decrease from the first five months of 2021 with a median sale price of $482,500, a 7.2 percent increase on the same basis.
LOCAL STATISTICS: Click for a breakdown of town sales and county sales statistics.
MA Median Single-Family Home & Condo Prices Reach Record Highs in April Median condo price surpasses $500,000 for first time since record keeping began.
PEABODY, May 17, 2022 – Limited inventory and competition among buyers continued to drive housing activity across Massachusetts in April, pushing the median sale prices of both singlefamily homes and condos to new highs, according to a new report from The Warren Group, a leading provider of real estate and transaction data.
Single-Family Homes
Last month, there were 3,862 single-family home sales in Massachusetts, a 14.8 percent decrease from April 2021 when there were 4,531 transactions. Meanwhile, the median single-family sale price increased 9.8 percent on a year-over-year basis to $560,000, up from $510,000 in April 2021 – a new all-time high for single-family homes
“The median single-family home price of $560,000 marked a new all-time high for Massachusetts,” said Tim Warren, CEO of The Warren Group. “Under normal conditions, this
would be a reason to celebrate, but only if you currently own a home and you’re looking to sell and don’t need to buy a new home. With such limited inventory – not only across Massachusetts, but also across the country – finding that next place to live will prove to be challenging. Meanwhile, as interest rates continue to increase, buyers will continue to expand their searches to more rural communities – adding even more competition in markets that have
historically been more affordable.”
Year-to-date, there have been 13,580 single-family home sales in Massachusetts, an 11.1 percent decrease from the first four months of 2021. Meanwhile, the year-to-date median single family home price increased 9.7 percent on the same basis to $510,000.
Condominiums
There were 2,149 condominium sales in April 2022, compared to 2,534 in April 2021 – a 15.2 percent decrease on a year-over-year basis. Meanwhile, the median sale price increased 11.6 percent on a year-over-year basis to $530,000 – a new all-time high for condos.
“The median condo price took off like a rocket in April,” Warren continued. “The double-digit increase on a year-over-year basis to $530,000 marked a new all-time high for condos. Meanwhile, the median condo price increased by more than 25 percent when compared to April 2020. As the spring and summer housing markets continue to heat up, it will be interesting to see where prices go from here.”
Year-to-date, there have been 4,490 condo sales, a 17.2 percent decrease from the first three months of 2021 with a median sale price of $450,000, a 5.9 percent increase on the same basis.
LOCAL STATISTICS: Click for a breakdown of town sales and county sales statistics.
Massachusetts Median Single-Family Home Price Remains Above $500,000 For Second Consecutive Month
this month’s sales report.

statewide, the median price is up more than $115,000 on a two-year basis, but what I’m more interested in is that sales dipped almost 10 percent from May two years ago. I’ve been saying for quite a while that it’s only a matter of time before demand wouldn’t be able to keep up with supply, and this could be the first time we have a concrete data point indicating its coming to fruition. As inventory continues to dwindle, we’ll continue to see declining sales and inflated prices in the coming months.”
been more than $400,000. Compared to May 2019 ($401,500), the median condo price was up 22 percent.

2020 with a median sale price of $450,000, an 8.4 percent increase on the same basis.






HUD to Announce Long-Awaited FHA Condo Rules
In 5 Major Markets, Foreclosure Starts Tick Up
In the first half of 2010, foreclosures peaked at 1.6 million-plus properties. In the recovery since, foreclosures have plummeted 82 percent, according to a new report.

In the first half of 2019, foreclosures hung on over 295,000 properties, according to ATTOM Data Solutions findings, released today—an 18-percent drop from last year. Approximately 177,000 began the foreclosure process in that time, defined as “foreclosure starts,” falling 8 percent year-over-year.
At odds with the overall trend, foreclosures increased in 16 percent of the largest markets in the U.S., with Buffalo, N.Y., and four Florida markets seeing spikes: Jacksonville, Miami, Orlando and Tampa-St. Petersburg.
Across 16 states—and in 42 percent of the largest markets—foreclosure initiations picked up, concentrated in Southern states. In Mississippi, foreclosure starts surged 56 percent year-over-year, and in Florida, rose 28 percent.
“Our midyear 2019 foreclosure activity helps to show an overall view on how foreclosure activity is trending downward,” says Todd Teta, ATTOM Data Solutions chief product officer. “Of course, you still have pockets across the nation where foreclosure activity is seeing some flare-ups.”
“Foreclosure starts is a good indication of markets to watch,” Teta says. “Affordability definitely plays a factor in why some areas across the nation are seeing an uptick in foreclosure starts. The fact that median home sales prices are reaching new levels in Q2 2019, mortgage rates are remaining low and job growth is still strong, lenders are becoming more aggressive with their payment collection because they are confident in getting a decent return in this hot housing market.”
Foreclosure Increases – Markets to Watch
Foreclosure Starts – Markets to Watch
1. Miami, Fla. (+32%)
2. Tampa-St. Petersburg, Fla. (+18%)
3. Atlanta, Ga. (+16%)
4. Washington, D.C. (+8%)
5. Denver, Colo. (+6%)
Foreclosure Rates (Metro)
1. Atlantic City, N.J. (0.92%)
2. Jacksonville, Fla. (0.54%)
3. Trenton, N.J. (0.52%)
4. Rockford, Ill. (0.51%)
5. Lakeland, Fla. (0.51%)
6. Columbia, S.C. (0.49%)
7. Ocala, Fla. (0.49%)
8. Philadelphia, Pa. (0.48%)
9. Fayetteville, N.C. (0.47%)
10. Baltimore, Md. (0.44%)
Foreclosure Rates (State)
1. New Jersey (0.54%)
2. Delaware (0.46%)
3. Maryland (0.43%)
4. Florida (0.39%)
5. Illinois (0.38%)
6. South Carolina (0.33%)
7. Connecticut (0.32%)
8. Ohio (0.3%)
9. Nevada (0.26%)
10. New Mexico (0.26%)
For the complete findings from the report, please visit www.ATTOMData.com.
R.I. Single-family Home Sales Continue to Rise in Second Quarter
Warwick, R.I. – August 1, 2019 -- The Rhode Island Association of Realtors released second-quarter sales statistics today from State-Wide Multiple Listing Service, an association subsidiary which tracks all Realtor-assisted sales. The data portrayed a Rhode Island housing market that continued to gain momentum from the previous year. The number of existing single-family home sales increased 2.6 percent in the second quarter, compared to the same time period in 2018. The median price of those sales rose 4.3 percent to $292,000.
“Despite still struggling with a low supply of homes for sale, Rhode Island’s housing market is moving along. A good economy and continued low interest rates have done a lot to keep the market active,” said Dean deTonnancourt, 2019 President of the Rhode Island Association of Realtors.
Twenty-seven out of the 40 Rhode Island areas reported showed a year-over-year increase in the median sales price of single-family homes in the second quarter. Little Compton, Portsmouth and East Greenwich saw the biggest gains -- 36.1, 17.7 and 15.1 percent respectively. Median sales price, the midpoint of sales with half selling for more and half selling for less, generally reflects the type and size of the properties sold at the time and is not representative of home appreciation or depreciation among all homes in the area.
Condominium sales followed the same trends. Closings increased by 4.3 percent while the median sales price rose by 3.6 percent to $232,000.
Only the multifamily home market showed a lull in activity. Sales fell by 12 percent last quarter while median price rose by 9.6 percent to $263,000.
Federal Reserve Announces Rate Cut
MA Median Single-Family Home, Condo Prices Reach New Highs in June
Sales activity falls during record-setting monthPEABODY, July 24, 2019 – The median sale price for both single-family homes and condominiums continued their upward climb in June, reaching new highs in the process, according to a new report from The Warren Group, publisher of Banker & Tradesman.Last month, there were 6,523 single-family home sales recorded in Massachusetts, a 9.6 percent decrease from June 2018 when there were 7,217 transactions. Meanwhile, the median single-family sale price rose 2.1 percent on a year-over-year basis to $429,000, which marked an all-time high for single-family homes. Year-to-date, there have been 26,226 single-family home sales – a 1.1 percent decrease from the first six months of 2018 – with a median sale price of $395,000 – a 3.9 percent increase on the same basis.“The lack of supply in the Massachusetts housing market and its impact on prices has never been more evident,” said Tim Warren, CEO of The Warren Group. “Last month, I observed that a lack of new listings on the market would continue to add upward pressure to single-family home prices. This appears to have played out and could continue to do so during the remainder of the summer.”Concurrently, there were 5,918 purchase mortgages for single-family homes in June, marking a 7.8 percent decrease on a year-over-year basis. June purchase mortgages totaled $2.48 billion – a 6.5 percent decrease from a year earlier. Year-to-date, single-family homes have accounted for 23,628 purchase mortgages across Massachusetts totaling $9.47 billion.
Median single-family home sale price reaches all-time high for month of April 2019
Single-family home and condominium sales increased last month as the spring Massachusetts real estate market started to heat up, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Last month, there were 4,279 single-family home sales recorded in Massachusetts, a 2.8 % increase from April 2018 when there were 4,162 transactions.
Meanwhile, the median single-family sale price rose 2 % on a year-over-year basis to $382,500, which marked an all-time high for the month of April. Year-to-date, there have been 14,004 single-family home sales with a median sale price of $375,000 – a 5 percent increase from the first four months of 2018.
“The median sale price for single-family homes has been steadily on the rise for the last three years,” said The Warren Group Associate Publisher and Media Relations Director Cassidy Norton. “Even with inventory levels improving, I fully expect stiff competition between buyers to keep prices elevated during the upcoming spring and summer months.”
Concurrently, there were 3,823 purchase mortgages for single-family homes in April, marking a 5.2 percent increase on a year-over-year basis. April purchase mortgages totaled $1.52 billion – a 6 percent increase from a year earlier. Year-to-date, single-family homes have accounted for 12,581 purchase mortgages across Massachusetts totaling $8.87 billion.
***************Looking to Buy or Sell in MA or RI, please contact stacycorrigan@pompmre.com*******************
Inventory increased and metro market prices rose in the first quarter of 2019, but at a slower pace than the previous quarter, according to new research.
From the first quarter of 2018 to the first quarter of 2019, home prices rose 3.9 percent, according to a National Association of REALTORS® (NAR) report. On an annual basis, there were higher home prices in 86 percent, or 153 of the 178 metropolitan areas in the report. Comparing the largest markets, the median price was $254,800, up from $245,300 in Q1 2018.
Thirteen metro areas (7 percent) experienced double-digit increases, down from 14 in 2018’s first quarter.
Lawrence Yun, NAR chief economist, says the first quarter has been beneficial to U.S. homeowners. “Homeowners in the majority of markets are continuing to enjoy price gains, albeit at a slower rate of growth. A typical homeowner accumulated $9,500 in wealth over the past year,” he said.
A look at the affordability factor: According to the report, national family median income rose to $77,752 in the first quarter, while higher home prices caused overall affordability to decrease from last year. So a buyer making a 5% down payment would need an income of $60,143 to purchase a single-family home at the national median price, while a 10% down payment would require an income of $56,978, and $50,647 would be necessary for a 20% down payment.
According to the report, existing-home sales, including single family homes and condos, increased 1.2 percent from the last quarter and 5.4 percent from the prior year. At the close of the first quarter of 2019, existing for-sale inventory totaled 1.64 million—2.4 percent higher than the prior year. During the first quarter, the average supply was 3.8 months—up from 3.5 months in the first quarter of 2018.
Northeast
Q1 Existing-Home Sales: -1.0% YoY
Q1 Median Price: $277,200 (+3.7% YoY)
“There are vast home price differences among metro markets,” Yun says. “The condition of extremely high home prices may not be sustainable in light of many alternative metro markets that are much more affordable. Therefore, a shift in job search and residential relocations into more affordable regions of the country is likely in the future.”
Yun continues to call on the construction industry to develop more affordable housing units, which he says will combat slower price gains and buyer pullback. “More supply is needed to provide better homeownership opportunities, taming home price growth and widening the inventory choices for consumers. Housing Opportunity Zones could provide the necessary financial benefits for homebuilders to construct moderately priced-homes,” Yun said.