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MA Home Sale Prices Q1 2022

April 11, 2022 in Market Statistics
Will Home Sale Prices Rise in 2022? Multiple offers and bidding wars continued in MA during the first quarter of 2022 for homes in good condition, priced fairly, and providing larger living space.  If home buyer demand continues to outpace available inventory then we can expect home sale prices to continue rising. In most of...

Home Sales Market Timing 2020 – 2021

Victorian home with wrap around porch and mature trees and landscape
March 7, 2022 in Market Statistics
Market Timing 2020 - 2021 How fast did properties sell in 2021?  The most accurate measurement is "Days to Offer" which shows how quickly home buyers submitted offers and how quickly the sellers accepted an offer.  The market statistics below reflect the average days to offer and average days on market for Condominium, Single Family,...

2021 Housing Inventory in MA

March 2, 2022 in Market Statistics
Housing Inventory and Sales Increased in 2021 Despite housing inventory increasing 7% to 63% in Arlington, Belmont, Cambridge, Medford, and Somerville MA in 2021; increased home buyer demand resulted in record-breaking sale prices and the highest percentage of listings sold in years. Home Buyer Demand Out-Paced Housing Inventory Typically when housing inventory increases, the resulting...

2021 Home Sale Prices in Massachusetts

February 9, 2022 in Market Statistics
Another Record-Breaking Year for Home Sale Prices Single and Multi-Family homes were clear winners in the jaw-dropping bidding wars for homes in Arlington, Belmont, Cambridge, Medford, and Somerville, MA in 2021. In Arlington and Belmont, median sale prices increased for all predominant property types being Condominium, Single Family, and Multi-Family homes.  In Cambridge, Somerville, and Medford...

Safety Tips to Prevent Home Fires

January 12, 2022 in Safety Tips

More than 26% of of fires reported in the U.S. from 2015-2019 occurred in homes; here are just a few steps you can take to help prevent a fire in your home.  For example, closing a door can reduce the temperature in a room by 900°F.  A closed door can also keep carbon monoxide levels…

Home Heating Cost: Winter Outlook

January 11, 2022 in Cost of Ownership

How much will it cost to heat our homes this Winter?  Heating costs will depend in part on our primary heating fuel (natural gas, oil, electricity, propane, wood) and household consumption.  Heating fuel prices and consumption will increase this winter according to the U.S. Energy Information Administration.  Given the number of employees continuing to work…