MAR News: Massachusetts Home Sales Up

• Posted on Ned Mahoney
• in Real Estate
• on January 17, 2012
• Comments Off on MAR News: Massachusetts Home Sales Up

WALTHAM, Mass. – January 10, 2012 – The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes put under agreement in December went up again for the eighth straight month compared to the same time in 2010. Condominium pending sales were also up from the same time last year. For the entire year, however, the number of single-family homes put under agreement in 2011 was down 1.9 percent compared to 2010, while condominium pending home sales were down 20 percent compared to 2010.

“The year ended on a positive note with eight straight months of pending sales increases,” said 2012 MAR President Trisha McCarthy, broker at Keller Williams Realty in Newburyport. “People who made the decision to buy in 2011 were able to take advantage of lower prices and historically low interest rates to get into a home. If this trend continues, then the market could be on its way back to more normal levels.”

For more information about this article, go directly to the MAR website: www.marealtor.com.