The Real Estate Blog

June 2024 Massachusetts Real Estate Market Update

YOUR Massachusetts Real Estate Market Update for June 2024

The Massachusetts condo market looks to be in some trouble. Last month I had said that we needed to pull the caution flag out of the drawer. We can officially throw the caution flag for the condo market. 

A couple questions. Do we go into condo depreciation? Will we actually see housing prices decrease in the condo market year over year? If this happens, will the condo sickness spread to the Single Family market? Is this a short term drop with a surge coming soon? 

This month’s stats are a great look into what may be to come. 

If you are looking to hear about the Massachusetts Real Estate Market data for Single Family Homes, Condos and Multi-Family properties… Then you are in the right place.

Real quick, my name is Jeff Chubb and I am a recovering Investment banker, turned real estate agent that has sold more than a 1,000 homes. If you have any real estate questions, then know I am here to help! 

Real quick, we have changed how the Real Estate Industry operates. We now offer our services as a pay as you go instead of the traditional pay 2.5% when you buy the house or sell it. It is modeled identically off of the Law industry. Homebuyers can save thousands, possibly tens of thousands. Reach out if you are interested in hearing more. 

Let’s start with Single Families

In May of 2024, we saw 3,293 Single Family homes sell for an average sales price of $841 thousand dollars.