REALTY
NEWS
JANUARY PENDING SALES
Single-family January 2015 January 2014 %Change
Sales 2,593 3,097 -16.3
Median Price $320,000 $280,000 +14.3%
January marked the first pending sales decrease after straight months of increases.
Condominium January 2015 January 2014 %Change
Sales 1,238 1,290 -4.0%
Median Price $300,000 $250,000 +20%
January marked the first pending sales decrease after straight months of increases.
T
HE MASSACHUSET TS ASSOCIATION of Rea ltors
(MAR) reported that the frigid weather, several
snow storms and the end-of-the-month blizzard
pushed pending home sales down for the first time after
22 straight months, according to the January Future
Indicators Report. A strong close to 2014 helped pull the
January Realtor Market Confidence Index (RMCI) up for
the first time in over a year.
"We know buyers continue to be there, but the frigid
weather and several snow storms, including our recent
blizzard, put a damper on buyers going out to look at
homes and making oœers," says 2015 MAR President
Corinne Fitzgera ld, broker-owner of FITZGER A LD
Real Estate in Greenfield. "However, the never-ending
snow in February has shifted everyone's focus to digging
out, rather than looking for homes. Hopefully, those being
cooped up experiencing cabin fever will want to get out
and look for their new home when the weather clears."
REALTOR MARKET AND PRICE CONFIDENCE INDEXES (RMCI AND RPCI)
Confidence Index January 2015 January 2014 %Change
Market 63.34 59.80 +5.9%
Price 73.32 76.96 -4.7%
January Future
Indicators Report
Blizzard Helps Push
Pending Sales Down
after 22 Straight
Months of Increases
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