• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Contact Us

Agency Checklists

Massachusetts Insurance News & Job Opportunities

You are here: Home / State House News / Home Sale Prices Up Much More Than Inventory

Home Sale Prices Up Much More Than Inventory

April 23, 2021 by State House News Service

Agency Checklists, MA Insurance News, Mass. Insurance News

The median sale price of a single-family home in March climbed to $485,000, according to the Massachusetts Association of Realtors, whose latest monthly report shows a slight uptick in inventory to start the spring and a competitive market.

The association this week reported that 3,385 single-family home sales closed in March and 5,804 new properties were listed, up from 2,779 closed sales in February and 3,393 new listings. The market for condominiums is also heating up with 1,922 sales closed in March, up from 1,298 in February and 26 percent higher than the 1,523 condos sold in March 2020 at the start of the pandemic.

“We’re seeing a very busy, competitive spring market this year as more buyers line up and sellers are feeling more comfortable putting their homes on the market compared to this time last year,” Steve Medeiros, 2021 President of MAR and a realtor at Keller Williams Realty, said in a statement. “While prices are increasing along with mortgage rates, we’re encouraged by the increase of new listings and seeing some more inventory come on the market.”

The $485,000 median price tag on a single-family home is up 16.9 percent from last year and the median price of condominiums hit an all-time high of $459,450, up 6.9 percent from last year.

Despite the uptick in new listings, inventory remains low. The Association of Realtors said there is less than one month’s supply of single-family units, and inventory for both single-family and condo homes hit an all-time low since the data reporting started in 2004.

Primary Sidebar

New Episode

MA Insurance Lawyers

SPONSORED

Career News

Davis & Towle Insurance Group Announces Christopher Nicolopoulos to be CEO: Other Leadership Changes

AAU Announces Hire of Roderiques in Boston, MA

AAU Announces Hire of Roderiques in Boston, MA

MIB Elects New Chair, Vice Chair, and Directors to its Board

Plymouth Rock Home Assurance Corporation Names Colleen Finn as Chief Marketing Officer 

Plymouth Rock Home Assurance Corporation Names Colleen Finn as Chief Marketing Officer 

View More Career News

In Memoriam

In Memoriam: Cheryl Ann (Rounsevell) Kuechler, 1945-2025

In Memoriam: Howard Shea, 1937-2025

In Memoriam: Rita Julia Messier, 1936-2025

In Memoriam: Rita Julia Messier, 1936-2025

Company News

RMV, AAA Northeast Promote Safe Driving for Teens Ahead of Summer

Arbella Insurance Foundation Launches Annual “Let’s Drive Out Hunger” Program to Raise Funds for Hunger Relief Programs Across New England

Arbella Insurance Foundation Launches Annual “Let’s Drive Out Hunger” Program to Raise Funds for Hunger Relief Programs Across New England

Progressive Drives Small Business Forward with $1 Million in Commercial Vehicle Grants

Agency Checklists, MA Insurance News, Mass. Insurance News, MA Life Insurance Companies, Boston Mutual

Boston Mutual Life Insurance Company’s Making An Impact Program Celebrates Seven Years of Giving Back

Footer

Agency Checklists

Contact us

We offer a variety of ways to get help promote your company or product.

Announcements
Email Sponsorships
Partnerships
Custom Collaborations

*Affiliate Disclosure

Please note that any of Agency Checklists’ articles might contain one or more affiliate links. This means that any subsequent purchase resulting from these links may result in a commission for us, but at no additional cost to you. For example, as an Amazon Associate, Agency Checklists earns a commission from all qualifying purchases. By working with affiliates we can continue to keep Agency Checklists subscription free. Thank you for your support.

Explore Our Archives

Copyright © 2025 · Agency Checklists · All rights reserved.

 

Loading Comments...