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Real estate market remains hot in Mass. | Local News

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For those wanting to sell their single-family home, now may be the time.

Prices are higher and the sales are quicker, according to the latest figures from the Massachusetts Association of Realtors.

The median sale price has gone up 12.9 percent to $430,000 compared to $381,000 at this time last year.

In addition, the list price is usually the price paid, if not higher.

Buyers are paying on average 105.5 percent of the list price, up from 99.5 percent in 2020.

That speaks to the lack of inventory.

There’s a lot of competition among buyers.

In August there was just half a month’s worth of inventory on the market, MAR reported.

In August 2020 there was 1.2 months worth.

The number of new listings has declined from 360 to 339, contributing to the lack inventory and the increased…

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