Massachusetts Association of Realtors data shows the number of single-family homes and condominiums placed under agreement by brokers last month increased by double digits – the eighth consecutive month of gains.
Tax incentives (expiring soon) coupled with record low interest rates are driving this market. Many home buyers are convinced that the worst is behind them and now is the time to buy. For some renters, this may be the one time they qualify to lock in a favorable mortgage payment so it becomes a “now or never” decision.
The number of single-family homes put under agreement in February was 3,489, up from 2,999 a year ago for a 16 percent increase.
Condos placed under agreement in February increased 25 percent compared to February of 2009 with 1,434 sales agreements last month compared to 1,147 units last year.
Ralph White, Prudential Page Realty.
