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Massachusetts Home Sales Improve from a Year Ago
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Massachusetts Home Sales Improve from a Year Ago
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Massachusetts Home Sales Improve from a Year Ago
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March 1, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Massachusetts fell as expected in January but still managed to stay above year ago levels according to the latest data from the Massachusetts Association of Realtors®.

An estimated total of 3,222 existing homes and condos were sold in the Bay State in January. That was 41.9 percent lower than the 5,551 homes sold in December but 2.3 percent higher than the 3,151 homes sold in January 2011.

Trisha McCarthy, President of MAR, stated “We’re pleased to see that January was another positive month for home sales in Massachusetts. With each month of improved economic news, buyer confidence continues to build. It is this confidence combined with the ongoing low interest rates and home affordability that will lead to a real estate market recovery.”

Sales of detached single-family homes accounted for 2,385 of the total sales in January, down 29.8 percent from a revised 3,339 sales in December but 3.7 percent higher than the 2,299 detached homes sold in January of 2011.

The median sales price for a detached single-family home in January was $265,000, which was 2.2 percent lower than the revised sales price of $271,000 posted in December and 5.0 percent lower than the $279,000 median sales price for a detached home in January of last year.

Condominium sales accounted for 837 of the total sales in January, down 34.6 percent from a revised 1,280 sales in December and only 0.6 percent lower than the 842 condos sold in January of 2011.

The median sales price for a condo in January was $247,750, which was 3.9 percent lower than the revised sales price of $257,750 in December but 0.3 percent higher than the sales price of $247,000 for a condo in January of last year.

The number of detached single-family homes available for sale in January declined 9.0 percent compared to last year, falling from 26,548 listings to 24,149 listings, which left a 7.3 months supply of homes on the market, down from a 7.9 months supply a year ago. Detached single-family homes typically took an average of 128 days to sell in January, up from 120 a year earlier.

Listings for condos fell 18.8 percent in January, from 10,165 in January of last year to 8,250 listings this year. That left a 6.5 months supply available for sale, down from a 7.6 months supply a year ago. Condos typically took an average of 130 days to sell in January compared to an average of 127 days in January of last year.

Tags: existing homes, condos, sales, median home prices, Massachusetts

Source:
Massachusetts Association of Realtors®

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March 1, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Massachusetts fell as expected in January but still managed to stay above year ago levels according to the latest data from the Massachusetts Association of Realtors®.

An estimated total of 3,222 existing homes and condos were sold in the Bay State in January. That was 41.9 percent lower than the 5,551 homes sold in December but 2.3 percent higher than the 3,151 homes sold in January 2011.

Trisha McCarthy, President of MAR, stated “We’re pleased to see that January was another positive month for home sales in Massachusetts. With each month of improved economic news, buyer confidence continues to build. It is this confidence combined with the ongoing low interest rates and home affordability that will lead to a real estate market recovery.”

Sales of detached single-family homes accounted for 2,385 of the total sales in January, down 29.8 percent from a revised 3,339 sales in December but 3.7 percent higher than the 2,299 detached homes sold in January of 2011.

The median sales price for a detached single-family home in January was $265,000, which was 2.2 percent lower than the revised sales price of $271,000 posted in December and 5.0 percent lower than the $279,000 median sales price for a detached home in January of last year.

Condominium sales accounted for 837 of the total sales in January, down 34.6 percent from a revised 1,280 sales in December and only 0.6 percent lower than the 842 condos sold in January of 2011.

The median sales price for a condo in January was $247,750, which was 3.9 percent lower than the revised sales price of $257,750 in December but 0.3 percent higher than the sales price of $247,000 for a condo in January of last year.

The number of detached single-family homes available for sale in January declined 9.0 percent compared to last year, falling from 26,548 listings to 24,149 listings, which left a 7.3 months supply of homes on the market, down from a 7.9 months supply a year ago. Detached single-family homes typically took an average of 128 days to sell in January, up from 120 a year earlier.

Listings for condos fell 18.8 percent in January, from 10,165 in January of last year to 8,250 listings this year. That left a 6.5 months supply available for sale, down from a 7.6 months supply a year ago. Condos typically took an average of 130 days to sell in January compared to an average of 127 days in January of last year.

Tags: existing homes, condos, sales, median home prices, Massachusetts

Source:
Massachusetts Association of Realtors®

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

March 1, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Massachusetts fell as expected in January but still managed to stay above year ago levels according to the latest data from the Massachusetts Association of Realtors®.

An estimated total of 3,222 existing homes and condos were sold in the Bay State in January. That was 41.9 percent lower than the 5,551 homes sold in December but 2.3 percent higher than the 3,151 homes sold in January 2011.

Trisha McCarthy, President of MAR, stated “We’re pleased to see that January was another positive month for home sales in Massachusetts. With each month of improved economic news, buyer confidence continues to build. It is this confidence combined with the ongoing low interest rates and home affordability that will lead to a real estate market recovery.”

Sales of detached single-family homes accounted for 2,385 of the total sales in January, down 29.8 percent from a revised 3,339 sales in December but 3.7 percent higher than the 2,299 detached homes sold in January of 2011.

The median sales price for a detached single-family home in January was $265,000, which was 2.2 percent lower than the revised sales price of $271,000 posted in December and 5.0 percent lower than the $279,000 median sales price for a detached home in January of last year.

Condominium sales accounted for 837 of the total sales in January, down 34.6 percent from a revised 1,280 sales in December and only 0.6 percent lower than the 842 condos sold in January of 2011.

The median sales price for a condo in January was $247,750, which was 3.9 percent lower than the revised sales price of $257,750 in December but 0.3 percent higher than the sales price of $247,000 for a condo in January of last year.

The number of detached single-family homes available for sale in January declined 9.0 percent compared to last year, falling from 26,548 listings to 24,149 listings, which left a 7.3 months supply of homes on the market, down from a 7.9 months supply a year ago. Detached single-family homes typically took an average of 128 days to sell in January, up from 120 a year earlier.

Listings for condos fell 18.8 percent in January, from 10,165 in January of last year to 8,250 listings this year. That left a 6.5 months supply available for sale, down from a 7.6 months supply a year ago. Condos typically took an average of 130 days to sell in January compared to an average of 127 days in January of last year.

Tags: existing homes, condos, sales, median home prices, Massachusetts

Source:
Massachusetts Association of Realtors®

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.