MASSACHUSETTS REAL ESTATE UPDATES
This page, along with our New Hampshire and Florida Real Estate Updates page,
will be updated continually to track market progress, so bookmark it to check back.
This page depicts the evolving market with data that we run weekly. This data shows how the market is performing and helps predict future trends based on current & past performance.
Last Updated: 11/30/2022 – 10:11 AM
HOMES LISTED PER WEEK
As illustrated, the number of homes listed in 2022 began lower compared to previous years, but increased to 2021 levels around May (week 20). As buyer affordability is impacted by interest rates, we may see listings linger a little longer on the market as the year progresses.
(Weekly data run for Sunday-Saturday)
SNAPSHOT OF HOMES FOR SALE EACH SATURDAY IN MA
The graph illustrates the number of homes for sale every Saturday. As you can see, 2022 started at historically low levels for available inventory as demand has cannibalized most of the available supply. The rising mortgage rates incited an upwards trend in late April (week 17) and has since crossed over 2021 levels.
(Weekly data run for Saturday)
SINGLE FAMILY INVENTORY
The available inventory of single-family homes began with historically low levels in 2022. Single-family homes were the highest in demand and were therefore being purchased almost as quickly as they were listed. The increase in rates slowed down consumption of these listings and levels surpassed 2021 around May (week 20). Week 45 is the point at which it crossed over 2020 levels.
(Weekly data run for Saturday)
HOMES PENDING PER WEEK
The number of homes placed under agreement (contracts accepted) in 2022 has been lower when compared to previous years, corresponding with the lower number of listings placed on the market in the beginning of the year, and more recently due to lower buyer affordability due to higher mortgage rates.
(Weekly data run for Sunday-Saturday)
HOMES SOLD PER WEEK
The graph illustrates the number of homes sold per week. 2022 is expected to follow similar trendlines to 2021 for the first half of the year, but may likely show lower performance by the end of the year due to the changing market and increased mortgage rates.
(Weekly data run for Sunday-Saturday)
PERCENT OF PENDING HOMES OUT OF TOTAL INVENTORY PER WEEK
The percentage of homes placed under agreement in 2022 was aggressively beating years past as buyers consumed inventory at an impressive rate. The summer kicked off with levels closer to 2020 due to a less frenzied market with fewer buyers. Fall 2020 has fallen beneath 2020.
(Weekly data run for Sunday-Saturday)
30 YEAR FIXED MORTGAGE RATES
Mortgage rates were the lowest in recorded history during the Covid pandemic, but as of spring 2022 rose to levels twice what they were in January. Visit our mortgage calculator – Click Here
Source: Mortgage News Daily
AVERAGE SELLING PRICE PER MONTH
Prices for homes in 2022 are substantially higher than in previous years. Prices increase when demand is high and supply is low. This chart is updated in the middle of every month.
MONTHLY SINCE COVID-19
Click the link below to access our COVID-19 Real Estate Resources, COVID-19 Mortgage Resources, REAL SAFE Real Estate Initiative, and NH Real Estate Updates.