Issue link: https://viewer.e-digitaledition.com/i/1435755
Massachusetts Association of REALTORS® Reports Consistency in Demand Ad Index Best Tile ������������������������������������������������������������������ 51 California Closets ���������������������������������������������������� 3 Clark Hydroseeding & Lawn Care ������������������������ 48 Damianos Photography ���������������������������������������� 49 db2/ARCHitecture ��������������������������������������������������37 Eastern Propane & Oil��������������������������������������������47 Fila Plumbing Heating & AC ��������������������������������� 44 George Washington Toma ������������������������������������ 43 Heartwood Kitchens ����������������������������������������������� 9 Horner Millwork ������������������������������������������������������ 2 Jeffrey's Creek Land Contractors Inc� ����������������� 32 LF Studio ��������������������������������������������������������������� 25 Mid-Cape Home Centers �������������������������������������� 26 Mitsubishi Electric �������������������������������������������������� 41 Panoramic Doors ��������������������������������������������������� 31 Pella Windows and Doors ������������������������������������ 52 Saulnier Floors, Inc� �������������������������������������������� 6–7 SBS OneSource ������������������������������������������������������� 8 Setting the Space Interiors ����������������������������������� 46 Topaz Engineering Supply, Inc� ���������������������������� 45 New listings continue to enter the market, a departure from typical seasonal fall trends. T H E M A S S A C H U S E T T S ASSOCIATION of R EA LTOR S® (MAR) reported housing statistics for September. MAR notes that despite another decrease in new listings, comparison to the previous year indicates a potential shift in the housing market toward a softening of competition and perhaps even a moderation in sales prices. Simultaneously, homebuyers have become more discerning as a result of the highs and lows of the market throughout the pandemic, and many have chosen to wait to strike until the market balances itself out. New listings continue to enter the market, a distinct depa r ture from seasona l trends ty pica lly observed during the fall, which is usually a time during which listing and sales activity slows. M A R dat a prov ided t he fol low i n g key indicators for September: > The median price for single-family homes was $525,000 and for condominiums was $460,000. Both prices dropped from last month's median, which saw single-family homes go for $553,000 and condominiums for $481,063. This decrease is not uncommon for the time of year. > New listings for single-family homes were down 10.1% and condominium listings decreased 5.1% compared to the same period last year. > In trend with the previous month, closed sales decreased by 11.3% for single-family homes compared to September 2020, while closed sales for condominiums took another slight rise of 2.4%. > This month's supply of inventory has stayed fairly consistent over the last several months. Hom e s a r e s it t i n g on t h e m a rk e t for longer periods of time a nd sel ling closer to listing prices. Cumulative days on the ma rket increa sed 4% for sing le-fa mi lies a nd 2.5% for condominiums in September, when compa red to the previous month. " Sust a i ned dema nd mea ns t hat sel lers a re s t i l l i n ch a r ge of t he m a rket , but t h i s c on si s t enc y i s a good si g n a f t er mont h s o f i m b a l a n c e , " s a i d S t e v e M e d e i r o s , 2 021 P re sident of M A R a nd R E A LTOR® at Kel ler Wi l l i a m s R ea lt y. " T he d ip we s a w i n m e d i a n p r i c e s f r o m A u g u s t t o S e p t e m b e r i s a l s o a w e l c o m e c h a n g e f o r f i r s t - t i m e h o m e b u y e r s w h o h a v e b e e n s t r u g g l i n g t o e n t e r t h e m a r k e t o r h a v e c o n t i n u e d t o b e p r i c e d o u t . We a r e e x c i t e d t o s e e w h a t t h e n e x t mont h br i n g s ." n 5 0 | BOSTON.BUILDERARCHITECT.COM Builder+Architect GREATER BOSTON, CAPE COD AND THE ISLANDS