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MA

MA Home Sale Prices Q1 2022

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...

2021 Housing Inventory in MA

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...

Snapshot of Home Sellers Today

According to the 2019 Profile of Home Buyers and Sellers conducted by the National Association of Realtors®, the typical home seller in 2019 was 57 years old with median household income of $102,900.  Highlights below include the primary reasons for selling, the median sale price percentage and the median time on market. Home sellers typically…

MA Residential Tax FY19 Comparison

In Massachusetts, real estate taxes are set annually during the city/town budget process and require state approval.  A variety of personal exemptions are available; some offer a “Residential Exemption*” which lowers the tax burden for homeowners occupying their primary residence.  Verifying tax details from a trusted source is vital to accurately determine the overall cost…