The median-priced Mass. house now costs more than $500,000 Jon Gorey - Globe Correspondent May 19, 2021 10:33 am
Home prices continued surging to new highs in April, with the median price of a Massachusetts single-family home topping the half-million-dollar mark for the first time ever, according to real estate analytics firm
The median price of a Bay State single-family home was $508,000 in April (meaning half of all houses statewide that sold went for more than $508,000, and half went for less). That represents an 18.1 percent increase from a year ago and an astonishing 32.6 percent jump over April 2019, when the median-priced Massachusetts single-family home sold for $383,000.
State’s Median Single-Family Sale Price Passes $500K May 19, 2021 | Reprints | Print
With demand showing no signs of slowing down among prospective buyers, median single-family home and condominium prices spiked in April, reaching new all-time highs in the process, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Single-family home and condo sales declined significantly during the second quarter of 2020 as a result of economic uncertainties surrounding COVID-19. In order to give a more accurate representation of activity in the Massachusetts real estate market, we are providing a two-years of data as a comparison in this month’s sales report.
Kara Baskin - Globe Correspondent May 5, 2021 11:30 am
Lorrie Manganello Guindon, a real estate agent with Berkshire Hathaway Page, was overseeing a fairly ordinary open house last year when her text messages blew up. They were from her seller, who, as is customary, wasn’t on the scene. But, judging by his missives, it seemed as though he was eavesdropping as she walked prospective buyers through his abode.
“The immediate red flag was that he asked me to redescribe the beautiful sunroom as a ‘solarium.’ He was listening to me describe the room! Then someone had turned on a faulty master bathroom fan that made a ton of noise. He could hear it and asked me to turn it off for the rest of the open house,’’ she recalled.
The Martha s Vineyard Times
Coalition steering committee member Doug Ruskin, shown here at a 2018 hospital forum, outlined what a Housing Bank on the Island could look like. Gabrielle Mannino
In its first public listening session, members of the Coalition to Create the Martha’s Vineyard Housing Bank gave a presentation on their “first draft parameters” to more than 140 attendees via Zoom, and fielded wide-ranging questions from the public.
The listening session featured members of the coalition as well as speakers from various Island organizations.
“We need a comprehensive regional solution with long-range planning and funding appropriate to the scale of the problem,” coalition steering committee co-chair Julie Fay said.
Bidding wars for many homes in Massachusetts are resulting in properties being sold for tens of thousands of dollars above their listing price.
The latest data from the Massachusetts Association of Realtors show the median selling price of a single-family home in March was $485,000. Condos hit a record high of $459,000.
For a closer look at the market, WBUR s Deborah Becker was joined by Steve Medeiros, president of the Massachusetts Association of Realtors.
This segment aired on May 4, 2021.