Massachusetts Home Buyer Guide

Haverhill, MA Homes Sales Increase February 2012

Sales of all housing types increased in Haverhill, MA in February 2012, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service. Single-family home prices also increased.

Single-family homes prices rose 27.6 percent in February 2012 compared to the previous year, a difference of $51,000.  Single-family home sales in Haverhill, MA jumped 62.5 percent in February 2012, a difference of 10 sales compared to February 2011. 

In February 2012, the median price of condominiums decreased 15.1 percent, or $24,000 compared to February 2011.  Condo sales rose 16.7 percent in February 2012, a difference of just two sales.

Multi-family homes prices rose 22.6 percent in February 2012 compared to the previous year, a difference of $25,000.  Multi-family home sales rose 100 percent in February 2012, a difference of two sales compared to February 2011.


Haverhill, Massachusetts Real Estate Market Report

                   Sales / Median Price

Single-family Homes:

February 2011 – 16 / $185,000
February 2012 – 26 / $236,000

Condominiums:

February 2011 – 12 / $158,450
February 2012 – 14 / $134,450

Multi-family Homes:

February 2011 – 2 / $124,000
February 2012 – 4 / $152,000

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Single-family Median Home Prices Increase $24,000 in Natick, MA February 2012

The median price and sales of single-family homes in Natick, Massachusetts increased in February 2012, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

Single-family homes prices increased 6.9 percent in February 2012 compared to the previous year, a difference of $24,000.  Single-family home sales in Natick, MA rose 8.3 percent in February 2012, a difference of one sale compared February of the previous year. 

In February 2012, the median price of condominiums decreased 13.6 percent, or $52,204 compared to February 2011.  Condo sales rose 12.5 percent in February 2012, a difference of just one sale.

There were not any multi-family homes sold in February 2012, and there was only one sale in the previous February.

Natick, Massachusetts Real Estate Market Report

                            Sales / Median Price

Single-family Homes:

February 2011 – 12 / $346,000
February 2012 – 13 / $370,000

Condominiums:

February 2011 – 8 / $385,204
February 2012 – 9 / $333,000

Multi-family Homes:

February 2011 – 1 / $615,000
February 2012 – 0 / $0

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Ayer, MA Home Prices Decline in January 2012, Home Sales Up

The median price of single-family homes in Ayer, Massachusetts decreased in January 2012 while sales increased, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes fell 20.4 percent in January 2012 compared to the previous year, a difference of $60,000.  Single-family home sales in Ayer, MA increased 50 percent in January 2012, a difference of just one sale compared to January 2011.  

The median price of condominiums increased 93.8 percent in January 2012, a difference of $75,000 compared to the previous January. Condominium sales rose 400 percent in January 2012, a difference of four sales compared to January 2011.

There were zero multi-family homes sold in Ayer, MA in January 2012, down from one sale the previous January,

Ayer, Massachusetts Real Estate Market Report

                        Sales / Median Price

Single-family Homes:
January 2011 – 2 / $294,000
January 2012 – 3 / $234,000

Condominiums:
January 2011 – 1 / $80,000
January 2012 – 5 / $155,000

Multi-family Homes:
January 2011 – 1 / $105,000
January 2012 – 0 / $0

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More Ayer, Massachusetts Real Estate Market Data

Westford, MA Single-family Home Sales Double February 2012

Lower single-family home prices apparently got the attention of home buyers in Westford, Massachusetts.

The median price of single-family homes in Westford, Massachusetts decreased in February 2012 while single-family home sales doubled, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes fell 11.9 percent in February 2012 compared to the previous year, a difference of $55,800.  Single-family home sales in Westford, MA increased 100 percent in February 2012, a difference of five sales compared to February 2011.  

The median price of condominiums increased 23.3 percent in February 2012, a difference of $66,835 compared to the previous February. Condominium sales also rose 100 percent in February 2012, a difference of just one sale compared to February 2011.

There were no multi-family homes sold in February 2012 in Westford, MA, down from one sale the  previous February.

Westford, Massachusetts Real Estate Market Report

                           Sales / Median Price

Single-family Homes:

February 2011 –    5 / $470,000
February 2012 – 10 / $414,200

Condominiums:

February 2011 – 1 / $286,500
February 2012 – 2 / $353,335

Multi-family Homes:

February 2011 – 1 / $227,000
February 2012 – 0 / $0

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New Hampshire Home Sales Up, Median Price Declines February 2012

New Hampshire home sales increased in February 2012 while prices dropped compared to February 2011.  This year’s rise in home sales was the third straight year of February sales increases, the UnionLeader.com reported March 22, 2012.

New Hampshire home sales increased 13 percent in February 2012, a difference of 76 sales compared to February 2011 (661 sales in February 2012, 585 in February 2011). The 661 sales represented the most February sales since 2007.

The median price of New Hampshire homes decreased 3 percent in February 2012, a difference of $5,100 compared to February 2011 ($185,000 in February 2012, $179,900 in February 2011).  New Hampshire home prices are down 6 percent over the first two months of the year; however, the drop in median price in February was the second smallest drop in New England, with Massachusetts seeing only a 2.2 percent price drop.

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According to a New Hampshire Association of Realtors press release, New Hampshire home sales increased in February 2012 while prices dropped compared to February 2011.  This year’s rise in home sales was the third straight year of February sales increases, reported UnionLeader.com, March 22, 2012.

 

 New Hampshire home sales rose 13 percent in February 2012, a difference of 76 sales compared to February 2011 (661 sales in February 2012, 585 in February 2011). The 661 sales represented the most February sales since 2007.

 

The median price of New Hampshire homes dropped 3 percent in February 2012, a difference of $5,100 compared to February 2011 ($185,000 in February 2012, $179,900 in February 2011).  New Hampshire home prices are down 6 percent over the first two months of the year, however, the drop in median price in February was the second smallest drop in New England, with Massachusetts seeing only a 2.2 percent price drop.

Haverhill, MA Single-Family Median Home Prices Up January 2012

The median price of single-family homes in Haverhill, Massachusetts increased, but sales decreased in January 2012, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes increased 9.6 percent in January 2012 compared to the previous year, a difference of $23,950.  Single-family home sales dropped 41.6 percent in January 2012, a difference of 10 sales compared to January 2012.

The median price of condominiums decreased 19.4 percent in January 2012, a difference of $26,000 compared to January 2011. Condo sales in Haverhill, MA declined 45.5 percent in January 2012, a difference of five sales compared to the previous January.

Multi-family home prices increased 13 percent, a difference of $22,500 compared to the previous January. Sales of multi-family homes increased 16.6 percent, a difference of just one sale.

Haverhill, Massachusetts Real Estate Market Report

                        Sales / Median Price
 
Single-family Homes:

January 2011 – 24 / $250,500
January 2012 – 14 / $274,450

Condominiums:

January 2011 – 11 / $134,000
January 2012 – 6 / $108,000

Multi-family Homes:

January 2011 – 6 / $172,500
January 2012 – 7 / $195,000


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U.S. Mortgage Interest Rates Decline to Near Record Lows

Buying a home is starting to become a no-brainer for a lot of people. With home prices down as much as 40 percent in some areas of Massachusetts over the last five or six years, mortgage interest rates still at historic lows and rents rapidly going up, it's cheaper to buy a home than to rent for many people.

First-time home buyer programs help too.

The average rate on the 30-year fixed mortgage in the U.S. dropped near its all-time this week, making home-buying and refinancing a bargain for those who can qualify, USA Today reported April 12, 2012.

Mortgage buyer Freddie Mac reported that the rate on the 30-year loan fell to 3.88 percent from 3.98 percent. That's just above the rate of 3.87 percent reached in February, the lowest since long-term mortgages began in the 1950s.

The 15-year mortgage, a popular option for refinancing, plunged to a fresh low of 3.11 percent from 3.21 percent last week. The previous record low of 3.13 percent was reached last month.

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Massachusetts Single-family Homes Under Agreement Surge in March

The number of single-family homes put under agreement in March increased nearly 40 percent compared with March 2011, the Boston Business Journal reported April 10, 2012, citing new figures from the Massachusetts Association of Realtors (MAR).

The number of single-family homes put under agreement in March was up 38.8 percent to 4,519. According to MAR, March was the 11th straight month of increases and the first time since June 2011 that the number was more than 4,000.

Massachusetts Single-family Home Sales Jump Nearly 27 Percent in February 2012, Median Price Dips

Massachusetts single-family home sales increased nearly 27 percent in February compared to February 2011, the Massachusetts Association of REALTORS® (MAR) reported March 27, 2012.

February marked the eighth straight month of year-over-year increases and one of the largest February increases since MAR began tracking monthly sales.

There were 2,276 detached single-family homes sold this past February, a 26.8 percent increase from the 1,795 homes sold the previous February. There was a 24 percent February increase in 1997. On a month-to-month basis, home sales were down 4.6 percent from 2,385 homes sold this past January.

The median selling price for single-family homes in February was $255,000, a decrease of 3.8 percent compared to $265,000 in February 2011.  This is the fifth straight year-over-year decrease in median price.  On a month-to-month basis, the February median selling price was also down 3.8 percent from $265,000 in January 2012.

The February condominium market increased 21 percent compared to the same time last year (from 689 units sold in 2011 to 834 units sold in 2012) in Massachusetts. On a month-to-month basis, condominium sales were down less than half of one percent compared to the 837 units sold this past January.
 
Condo median selling prices in February were down 2.8 percent from the February 2011 median price (from $229,000 to $222,500). On a month-to-month basis, the median selling price of a condominium declined 10.2 percent from a January 2012 median price of $247,750.

With a 40 percent increase in pending sales in February, actual sales should continue to trend higher over the next month or two.

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