BOSTON -- New data shows the housing market is not cooling off in Massachusetts.
According to the Massachusetts Association of Realtors, single-family home sale agreements reached in August were up almost 10 percent, with condominium sale agreements up about 9 percent, compared to August 2018.
The median price associated with a pending single-family home sale last month was $430,000, up about 3 percent. The median pending condo sale price in August was also up 3 percent, to $400,000.
Pending home sales have been up each of the last 12 months; pending condo sales have been up or remained flat over that same period.
"It continued to be demand, demand, and demand that pushed accepted offers over $400,000 for homes in August," association president Anne Meczywor, a broker in Lenox, said in a statement. "As a result, we're seeing affordability going down and that's something that will keep many potential buyers only potential buyers."
State leaders for years have been unable to agree on legislation to address the housing supply and affordability crisis.