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Total Listed
Total Buy Representation
 Transaction Volume 

*Volume based on MLS records as of 12/31/2023. Doesn't include private /unlisted sales. All sales done by the Office -  "Key Prime Realty" formerly "Desi Prime Realty"

Key Prime Realty, a tech heavy, data driven real estate brokerage, works with buyers, sellers, investors in the states of Massachusetts & Rhode Island, to get the best possible value for them in a real estate transaction, under the given market circumstances. 

Visit us frequently as we update the market trends both national & local to Massachusetts. While we rely on industry leading sources for national data and charts, for Massachusetts we generate monthly graphs & charts in-house based on our local MLS. 

New Listing Count by month & year is a leading indicator of the housing inventory which shows how the supply side trends. Year over Year Change each month takes out seasonality  and shows how the market is  trending over the years. 

New List_All Years.png
New List_5Years.png

Median List Price has inched up gradually after the post GFC bottom in 2011. The growth until 2019 has been more orderly, and the pandemic induced housing, fiscal macro conditions have resulted in price appreciation that is extraordinary.

Median List_All Years.png
Median List_5 Years.png

As with the Median List Price, the Median Sale Price follows the same trend lines.  A constant and reasonable price appreciation after the post  Great Financial Crisis bottom, a sudden surge in prices due to pandemic induced conditions. The Feds inflation fight in the second half of 2022 shows in the price declines after its peak

Median Sale Price_All Years.png
Median Sale Price_5 Years.png

DTO - Days To Offer is an interesting market indicator showing the heat in the market. When inventories go so low properties are snatched by buyers in bidding wars typically in the first weekend open houses after their listing.  It takes a week or more for the property to go into pending but any indication of DTO within 10 days show that the property is red hot and sellers have the unequivocal upper hand in such a market. 

DTO_All Years.png
DTO_5 Years.png

Housing inventory can be measured in Active Listing Count at a given point of time or the months supply of current active listings at pace of sales activity at a given point of time. The waves in the graph below is due to seasonality but the overall trend is indisputable and it shows how low the supply went which gave way to the unreasonable price appreciation since 2020.

Housing Inventory: Active Listing Count in the United States

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Realtor.com, Housing Inventory: Active Listing Count in the United States [ACTLISCOUUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/ACTLISCOUUS, November 2, 2023.

New Privately-Owned Housing Units Started: Total Units

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Started: Total Units [HOUST], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HOUST, November 2, 2023.

New Privately-Owned Housing Units Started: Single-Family Units

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Started: Single-Family Units [HOUST1F], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HOUST1F, November 2, 2023.

New Privately-Owned Housing Units Started: Units in Buildings MF

fredgraph.png

U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Started: Units in Buildings with 5 Units or More [HOUST5F], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HOUST5F, November 2, 2023.

New Privately-Owned Housing Units Completed: Total Units 

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Completed: Total Units [COMPUTSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/COMPUTSA, November 2, 2023.

New Privately-Owned Housing Units Completed: Single-Family Units

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Completed: Single-Family Units [COMPU1USA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/COMPU1USA, November 2, 2023.

New Privately-Owned Housing Units Completed: MF

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Completed: Total Units [COMPUTSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/COMPUTSA, November 2, 2023.

Real returns on major asset classes

fedgraph (12).png

Source: The FRED Blog

Home ownership Rate in the United States

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U.S. Census Bureau, Homeownership Rate in the United States [RHORUSQ156N], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RHORUSQ156N, November 2, 2023.

Rental Vacancy Rate in the United States

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U.S. Census Bureau, Rental Vacancy Rate in the United States [RRVRUSQ156N], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RRVRUSQ156N, November 2, 2023.

Housing Inventory: Median Days on Market

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Realtor.com, Housing Inventory: Median Days on Market in the United States [MEDDAYONMARUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MEDDAYONMARUS, November 2, 2023.

Mortgage Debt Service Payments as a Percent of Disposable Personal Income

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Board of Governors of the Federal Reserve System (US), Mortgage Debt Service Payments as a Percent of Disposable Personal Income [MDSP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MDSP, November 2, 2023.

Median Sales Price of Houses Sold for the United States 

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, Median Sales Price of Houses Sold for the United States [MSPUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MSPUS, November 2, 2023.

 All-Transactions House Price Index for the United States 

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U.S. Federal Housing Finance Agency, All-Transactions House Price Index for the United States [USSTHPI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/USSTHPI, November 2, 2023.

New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Total Units 

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Total Units [PERMIT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PERMIT, November 2, 2023.

New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Single-Family Units 

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Single-Family Units [PERMIT1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PERMIT1, November 2, 2023.

New Privately-Owned Housing Units Authorized but Not Started: Total Units 

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Authorized but Not Started: Total Units [AUTHNOTT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/AUTHNOTT, November 2, 2023.

New Privately-Owned Housing Units Authorized but Not Started: Single-Family Units 

SF Not Started.png

U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Started: Single-Family Units [HOUST1F], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HOUST1F, November 2, 2023.

New Privately-Owned Housing Units Started: Total Units 

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Started: Total Units [HOUST], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HOUST, November 2, 2023.

New Privately-Owned Housing Units Started: Single-Family Units 

HOUSTIF.png

U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Started: Single-Family Units [HOUST1F], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HOUST1F, November 2, 2023.

New Privately-Owned Housing Units Under Construction: Total Units 

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Under Construction: Total Units [UNDCONTSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UNDCONTSA, November 2, 2023.

 New Privately-Owned Housing Units Under Construction: Single-Family Units 

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U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Privately-Owned Housing Units Under Construction: Single-Family Units [UNDCON1USA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UNDCON1USA, November 2, 2023.

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