The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-
family homes put under agreement in May went up again for the 13th straight month compared to the same time in 2011. Pending figures are a leading indicator of actual housing sales in Massachusetts for the following 2-3 months.
“May was the first month that more than 5,000 homes were put under agreement since we started tracking pending sales data in January 2009,” said 2012 MAR President Trisha McCarthy, broker at Keller Williams Realty in Newburyport. “This is excellent news for the market going forward as closed sales should also continue to go up. Buyer confidence will remain the determining factor in how the market performs in the second half of the year.”
The Franklin, MA real estate market shows 29 homes under agreement during May 2012 with most concentrated in the $300,000-$349,000 range as well as the $500,000-$599,000 range. May 2011 shows slightly less activity with 28 homes under agreement. The average asking price is currently $435,959 whereas the average for a year ago was $408,646.
The number of single-family homes put under agreement in May was up 32 percent statewide compared to the same time last year (*3,986 homes in 2011 to 5,267 homes in 2012). This is the 13th straight month of year-over-year increases. This is the first time that pending sales have gone over the 5,000 home mark since the Association has been tracking pending sales in January 2009. On a month-to-month basis, single-family homes put under agreement went up 10 percent from 4,784 homes in April.
If you need to know what is going on in your local real estate market or you are starting a home search or sale, give me a call first at 508-369-5131 or email franklinmahomes@comcast.net.
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Kathy Stankard
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