December 2015 Housing Report - Massachusetts and Southern New Hampshire

The Lamacchia Housing Report presents overall home sale statistics and highlights the average sale prices for single-family homes, condominiums, and multi-family homes in Massachusetts and Southern New Hampshire for December 2015 compared to December 2014. It also looks at other metrics like Homes Listed and Pending, as they are often the best indicators for predicting future trends in the market.

Homes Listed for Sale:

There were 4,178 homes listed for sale in Massachusetts in December 2015 compared to 3,715 in December 2014. This is a just-under 13% increase.

Pending Home Sales:

The increase in homes listed was quickly eaten up by buyers who were very active in the month of December. There were 5,430 homes that went pending in December 2015 in MLSPIN compared to 4,784 in December 2014, which represents a 14% increase. This caused the inventory of homes for sale in early January to be the lowest it’s been in any January since 2003.

Massachusetts Home Sales up 18%

Overall home sales in Massachusetts were up just under 18% compared to December 2014. There were a total of 7,618 homes sold in December 2015 compared to 6,461 in 2014. This is the seventh month in a row of increased home sales; June home sales were up 12%, July was the biggest month since August 2005, August 2015 was up 24% from 2014, September sales were up over 25%, October was up over 14%, and November was up 5%. The average price for all homes including single-families, condos and multis increased 4%, to $374,831 in 2015 compared to $359,858 in December of 2014.

For the rest of the report, including Southern NH numbers and an End of the Year wrap-up, visit our website here!