The Massachusetts Association of Realtors said today that pending home sales in October had their second biggest year-over-year increase since the organization began tracking this data.
The number of single-family homes put under agreement last month was up 35.9 percent to 4,355, compared to 3,204 for the same period last year. This marks the 18th straight month of year-over-year increases, and the 10th straight month of double-digit year-over-year increases.On a month-to-month basis, single-family homes put under agreement went up 6.45 percent compared to 4,091 homes put under agreement in September.
Pending sales figures are a leading indicator of actual housing sales in Massachusetts for the following two to three months.
The number of condos put under agreement last month was up 43.5 percent to 1,673 units compared to 1,166 in October 2011, marking the 11th straight month of double-digit year-over-year increases.
Karen Powers, Real Estate Brokerhttp://www.southshorerealestatebroker.com/remaxne/