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Low Home For-Sale Inventory, Rising Prices Taking Toll on Market

In the month of September of this year, there were 4,833 single-family home sale transactions, a 5.8% decline from the 5,186 posted a year earlier. The median single-family home price in Massachusetts was $380,000, up 8% from a year earlier when the median sale price was $352,000.

By John Jordan | Updated on October 31, 2017

Paul Yorkis, president, Massachusetts Association of Realtors Paul Yorkis, president, Massachusetts Association of Realtors

WALTHAM, MA—Statistics released by the Massachusetts Association of Realtors and the Greater Boston Association of Realtors confirm that the continued decline in for-sale inventory is having negative impacts on the market—particularly causing higher prices and lower sales volume.

Both Realtor associations recently released their respective housing market statistics for the month of September. According to MAR, single-family home sales in the commonwealth have been flat or declined for the last 12 months.

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