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

I am the lead real estate agent and founder of the Aviator Properties Team within the premier global brokerage, Coldwell Banker Realty. I'm a Boston, Brookline, and Newton resident since relocating from Washington, DC in 2002 to earn my MBA at Babson College in Wellesley. While Metro West is my home base, my Massachusetts real estate adventures take me from the Berkshires to the Cape and everywhere between to find the extraordinary properties that my clients call home.

My real estate expertise is buoyed by previous experiences ranging from CEO of a venture-backed startup to a decade long stint in TV production. I've been a buyer and seller of residential and commercial real estate, and have founded and operated successful multi-million dollar businesses spanning the industries of e-commerce, consumer products, toys, electronics, and content creation.

Always striving for service excellence, my clients find me overly organized, highly communicative, thoroughly detail-oriented, a creative problem solver, analytically driven, and thoughtful win-win negotiator. My entrepreneurial approach draws upon a cross-sectional toolkit of finance, development, management, sales, marketing, and negotiation skills to deliver reliably favorable results.

A dedicated husband and father of two kids (and two cats), my hobbies range from RC car and drone racing to the pursuit of live music and world travel, and poking holes in the clouds as a private pilot. I am "always-on" and ready to be your secret weapon in your home buying or selling mission. I prize my clients and look forward to sharing my passion for winning at real estate with you!

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