Our Housing Report for March 2012 Is In!
For the third month in a row, Massachusetts and New Hampshire saw an increase in the amount of homes sold compared to the same time period in 2011.* Our housing report shows that in Massachusetts 4,317 homes (single- family, condos, and multi-family) sold in March of this year compared to 3,726 in last March, an increase of 15.8%. In New Hampshire, there was an 18% increase in the amount of total home sales. 629 homes sold last month compared to 532 in March 2011.
“Starting the year with a strong first quarter is a good indicator of things to come. After such a depressed year of sales in 2011, we’re likely to see more positive year-over-year comparisons in months to come. The market has a good head of steam built up right now,” said Timothy Warren of the Warren Group.
Average Selling Prices Increased
Average selling prices for single-family homes also saw an increase in Massachusetts and New Hampshire for March 2012 compared to March 2011. In Massachusetts last month, the average selling price for a single-family home was $390,384, an increase of 3.4% over last March. In New Hampshire, the average selling price for a single-family home was $238,996, 9.6% more than last year.
Some towns saw large increases in average prices. Taunton, for instance, had an increase of over 40% in the average home selling price. In Cape Cod, the average selling price in Yarmouth increased 23.76%, while Falmouth had a 34% decrease in average selling prices.
In Hillsborough County, New Hampshire, the town of Hudson saw a big jump in sales, a 135% increase in number of homes sold with an average price increase of 1.34%.
The biggest drop in the amount of homes sold was in New Bedford, Massachusetts, where there were 60% fewer homes sold than last March.[custom_button text=”View the March Housing Report Now” title=”View the March Housing Report Now” url=”http://www.lamacchiarealty.com/mcgeough-lamacchia-housing-report/” size=”medium” bg_color=”#FF5C00″ text_color=”#FFFFFF” align=”left” target=”_self”]
*Our report covers all counties in Central and Eastern Massachusetts as well as Southern New Hampshire (including Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, Worcester, Cheshire, Hillsborough, and Rockingham counties)