MA Spring Market Poised for Inventory Thaw

Fresh data from Massachusetts Association of Realtors (MAR) shows all-time record low inventory levels for single-families and condos in December 2020 since MAR began collecting data in 2004. All told, single-family inventory dropped a staggering 63.6%, from 10,193 homes in Dec ’19 to 3,847 homes in Dec ’20. Condo inventory also dropped 23.2%, from 3,670 condos in Dec ’19 to 2,820 condos in Dec ’20.

While inventory levels dropped, it’s no surprise that more sales occurred in Dec ’20 vs. Dec ’19, and at higher prices as well. 5,860 single families sold in Dec ’20 vs. 4,815 in Dec ’19. Likewise 2,189 condos sold in Dec ’20 vs. 1,880 condos sold in Dec ’19. Median prices for single-families were $479k in Dec ’20 vs. $410k in Dec ’19, and condos sold at $420k in Dec ’20 vs. $390k in Dec ’19.

With inventory levels at all-time lows, analysts are expecting the spring season to finally thaw, delivering much needed fresh inventory. Download the MAR snapshot here.

MAR: Expect spring ‘surge in home sellers’ in Massachusetts

About the Author

Evan Blaustein, Aviator Properties Team Leader, REALTOR®

I'm a top-performing Realtor and the founder of Aviator Properties Team at Coldwell Banker Realty, the world's premier real estate brokerage. With over 20 years of business experience and a proven track record of success, I help clients buy, sell, and invest in extraordinary properties throughout Boston and Metro West. Based in Chestnut Hill, I operate out of Coldwell Banker Brookline and my home office in Newton, MA.

I have a broad range of expertise covering new construction luxury homes, antique historic homes, high-performance passive homes, multifamily investment properties, condos, townhouses, and single-family houses. My clients have benefited from this diverse background and my ability to decipher trends and provide strategic guidance on the ever-changing real estate market. From first-time homebuyers to seasoned investors, I am committed to delivering exceptional service and successful outcomes for each of my clients.

My experience is not limited to real estate. Previous to becoming a Realtor, I worked for a decade in TV production, earned my MBA at Babson College in Wellesley, and founded and served as CEO of my Boston-based startup, Mimoco, merging consumer products, toys, electronics, licensing, and content creation generating more than $30M in sales.

As an entrepreneurial problem solver, I bring a unique approach to real estate that draws upon my cross-functional skill set in finance, development, management, sales, marketing, and negotiation. My clients describe me as overly organized, detail-oriented, analytical, and a communicative professional who is trusted in delivering favorable results and creating win-win situations.

When I'm not helping clients achieve their real estate goals, I am a dedicated husband and father of two teenage children (and two crazy cats). In my free time, I enjoy playing tennis, drone photography, live music, and exploring the world through travel. As a private pilot, I also love to take to the skies and find new perspectives.

As your mission-driven co-pilot, I promise to go above and beyond to elevate your real estate experience to the highest level with the least amount of stress. Let me be your secret weapon in your home buying or selling mission. I value my clients and look forward to sharing my passion for winning at real estate with you!

Real Estate Accreditations: Massachusetts and National Association of REALTORS®, Accredited Buyers Representative, Luxury Property Specialist, Resort and Second-Home Property Specialist, NAR Green