Great news for the Boston housing market as the sales here lead the charge
Pending home sales for single-family homes and condominiums were up in December, marking the 20thconsecutive month of year-over-year increases, according to the Massachusetts Association of Realtors (MAR).
The number of single-family homes put under agreement in December was up 15.6 percent compared with the same time last year - 3,062 homes in 2012 compared with 2,648 homes in 2011.
The number of condos put under agreement in December was up 5.6 percent compared with December 2011 - 1,076 units in 2012 versus 1,019 units in 2011.
For the entire year, the number of single-family homes put under agreement in 2012 was up 25 percent over 2011, MAR reported today. Pending sales figures, also called homes under agreement, are a leading indicator of actual housing sales in Massachusetts for the following two to three months.