Q3 2021 Market Report: Prices High, Volume Low

Q3 2021 Market Report: Prices High, Volume Low

The Q3 data is in. While the frenzy of the spring has settled into a 'new normal,' the numbers remain staggering for Massachusetts homeowners.

The Metrics That Matter

Median Price: Still hovering around the $510,000 mark statewide. Inventory: Down 20% compared to Q3 2020. This is the primary driver of high prices. Mortgage Rates*: Starting to creep up toward 3% but still historically low.

The Opportunity

For buyers, the cooling 'volume' means fewer 20-offer bidding wars. You might actually get a home with a standard inspection again.