Pending sales in Massachusetts soared nearly 24% in March while closed transactions climbed 18% over year ago levels as Bay State home buyers ended the first quarter of 2012 on a high note.
March 2012’s home sales and pending transactions (homes under agreement but not yet closed) were roughly on par with March 2010 which experienced a mini-boom due to the two Federal home buyer tax credits. Sales and pendings were much lower in March 2011 after the tax credits expired.
Best 1st quarter for home sales since 2007
MA home sales during the quarter just ended were the strongest in the last 5 years.
Home sales in Massachusetts during the the first quarter of 2012 rose 17% over the first quarter of 2011.
The Massachusetts real estate market benefited from an improving economy and rising consumer confidence. This is great news for MA home values and bodes well for the peak spring home selling season.
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