Top Mega Teams in Massachusetts – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    2Fermin GroupCENTURY 21 North EastLawrence, MA$147,564,745View Profile
    4Denman Drapkin GroupCompassBoston, MA$131,978,871View Profile
    1Pine Acres RealtyCompassChatham, MA$167,098,145View Profile
    7Kimberly Allen TeamBerkshire Hathaway HomeServices Realty ProfessionalsBelchertown, MA$25,033,583View Profile
    3Team RosoRE/MAX VantageFall River, MA$139,007,888View Profile
    5Willis and Smith GroupKeller WilliamsNewburyport, MA$119,561,403View Profile
    6The Ponte GroupKeller WilliamsFall River, MA$80,423,253View Profile

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    2023 Massachusetts Housing Market Summary

    Massachusetts started 2023 with a total of 3,369 single-family homes on the market, with a median home price of $649,900 and an average price per square foot of $419. By the end of the year, inventory had decreased to 3,269 homes on the market (-2%), with a median home price of $734,900 (+13%) and an average price per square foot of $483 (+15%).

    At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 56 days.

    Massachusetts started the year with 33% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 31% of Massachusetts homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Massachusetts started 2023 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had dropped to 51 – a strong seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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