It seems rather repetitive but nonetheless must be shared and
for a great reason. Pending home sales are once again doing
exceptionally well in September just as they have done thus far
throughout 2012. A month ago we learned of the final numbers coming
from August. We reported in a past blog that August
had 5,118 single-family home sales and this was up 20% from August
of 2011. Now for condominiums, they also went up with a total of
2,432 sales in August, up 40% when looking at year-over-year
statistics.
For September, the optimism only continues. According to the
Massachusetts Association of Realtors, for the 17th month in a row
pending sales for single-family homes increased over the same
corresponding month from a year ago in 2011. Trisha McCarthy, the
President of MAR stated, Septembers strong activity increases the
likelihood that there will be several more months of positive sales
growth heading into the New Year. While the numbers decreased on a
month-to-month basis, the year-over-year increases over the last 10
months continue to be at least 25 percent or higher. This is
further evidence of a healthier market.
Although less than Augusts sales, September still saw 4,091
signed purchase and sale agreements which out performed September
of 2011s 3,245 by 26%. Condominiums under agreement reached 1,570
which is up from a year ago in September which had 1,058 put under
agreement; an improved difference of 48%. This only leaves us at
Gibson Sothebys International Realty looking to a prosperous future
for the Real Estate market just that much more. It will be
interesting to see for how long these year-over-year increases can
continue every month, but it is evidently a strong indicator as to
the direction we are headed in.
More Information: Boston Business
Journal