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Tom Lynch's Blog

By Tom Lynch | Agent in Great Barrington, MA

PENDING SALES INCREASES CONTINUE IN MASSACHUSETTS - 14th STRAIGHT MONTH

The Massachusetts Association of REALTORS® (MAR) has reported that the number of single-family homes put under agreement in June went up again for the 14th straight month compared to the same time in 2011. Condominium pending sales were also up from the same time last year for the 14th straight month. Pending figures are a leading indicator of actual housing sales in Massachusetts for the following 2-3 months.
  
MAR President Trisha McCarthy states: “The June pending sales numbers are a good indication that new buyers are continuing to enter the market and making offers on homes.”
 
The number of single-family homes put under agreement in June was up 29.1 percent compared to the same time last year (*4,085 homes in 2011 to 5,273 homes in 2012). This is the 14th straight month of year-over-year increases. This is also the first time that pending sales have gone over the 5,000 home mark for two straight months since the Association has been tracking pending sales.

All the best,

Tom Lynch
Associate Broker, Massachusetts, New York, and Connecticut
Berkshire Property Agents
12 Railroad Street
Great Barrington, Massachusetts 01230
http://www.berkshirepropertyagents.com/

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