by Michael Norton
Home buyers in Massachusetts puts deals under agreement at a faster clip in March compared to last year. The Massachusetts Association of Realtors announced Tuesday morning that pending home sales for the month were up more than 14 percent compared to last March.
The median price of a home placed under agreement last month was $320,000. Pending condo sales last month were up 12.1 percent and the median condo sale price rose 3 percent to more than $309,000.
The association's market confidence index has been down 15 of the past 16 months but still registered 69.18 on a 100-point scale with 0 representing the weakest market and 100 the strongest.
by CapeCodToday Staff
Pending home sales on Cape Cod exceeded the 14 percent growth experience across the commonwealth for March. Compared to last March, Barnstable County has had an increase of 51.4 percent. March 2014 closed with 282 pending sales, while March 2015 closed with 427, according to the Cape Cod & Islands Association of Realtors®.
The median price for a home placed under agreement last month on Cape Cod was $365,000--$15,000 more than last March and $45,000 more than the state average.
Closed sales in Barnstable County were down 1.4 percent this March as opposed to last (214 versus 217).
Cape Cod condo transactions were also up from last month, with an increase in pending sales (49.3 percent), and increase in closed sales (51 versus 44, 15.9%) and median sale price ($245,000 versus $207,000), according to the Cape association.