Home, condo sales in Massachusetts set Sept. record

BOSTON – Home and condo sales and prices skyrocketed across Massachusetts in September, with the median single-family home price surging to $472,000.



a sign in front of a house: Home and condo sales and prices skyrocketed across Massachusetts in September, with the median single-family home price surging to $472,000.


© Associated Press File Photo
Home and condo sales and prices skyrocketed across Massachusetts in September, with the median single-family home price surging to $472,000.

The Warren Group on Wednesday reported that nearly 6,400 single-family homes were sold last month, up from just over 5,000 during September 2019. The 27% increase in home sales was coupled with an 18 percent increase in the median sale price.

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The strong demand for new homes comes as pandemic era unemployment remains high and the state tries to guard against tens of thousands of evictions now that Gov. Charlie Baker and the Legislature have let an eviction moratorium expire. Bills to boost the supply of housing also remain bogged down on Beacon Hill.

The third straight month of large housing

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Rockford-area home sale prices hit record high – News – Rockford Register Star

ROCKFORD — September was one of the strongest months ever for the region’s residential housing market, according to the Rockford Area Association of Realtors.

There were 503 single-family homes sold in Winnebago, Boone and Ogle counties last month, marking a 10.5% increase compared to September 2019 and the highest sales volume for the month in 15 years.

The average sale price of a home last month was $158,240, a 9% increase compared to September of last year. It’s also the third consecutive month that home prices have hit record-breaking highs.

Single-family homes sold in the area during September were on the market for an average of 31 days. A year ago last month, homes were on the market for an average of 36 days.

“The surging real estate market in Rockford continues to climb,” Rockford Area Association of Realtors CEO Conor Brown said in a news release. “The momentum is

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Coronavirus Leads To Record Month For Cape Home Sales: Patch PM

FALMOUTH, MA — Today is Tuesday, Oct. 27. Here’s what Patch has been covering south of Boston and on Cape Cod and the Islands.

Home and condominium sales reached an all-time high on Cape Cod and the Islands during September, and real estate experts attributed much of the trend to new spending habits brought on by the coronavirus pandemic.

Last month, pending sales increased by 64.2 percent for single-family homes and 78.4 percent for condominiums, according to the Cape Cod and Islands Association of Realtors.

Association CEO Ryan Castle said the pandemic forced a lot of people to reevaluate their lifestyles, as working from home became a more popular and safer option. He said seasonal residents are now staying on Cape Cod and the Islands year-round. Castle said many see the region as a more socially distant area than Boston and its surrounding suburbs.

Read the full story here.

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Coronavirus Leads To Record Month For Cape Cod Home Sales

FALMOUTH, MA — Home and condominium sales reached an all-time high on Cape Cod and the Islands during September, and real estate experts attributed much of the trend to new spending habits brought on by the coronavirus pandemic.

Last month, pending sales increased by 64.2 percent for single-family homes and 78.4 percent for condominiums, according to the Cape Cod and Islands Association of Realtors.

Association CEO Ryan Castle said the pandemic forced a lot of people to reevaluate their lifestyles, as working from home became a more popular and safer option. He said seasonal residents are now staying on Cape Cod and the Islands year-round. Castle said many see the region as a more socially distant area than Boston and its surrounding suburbs.

“We saw the trend early on [in the pandemic] that people were looking for long-term rentals, but many have turned into buyers,” Castle said. “A lot of

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U.S. new home sales drop; record low mortgage rates underpinning demand

WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more space as the COVID-19 pandemic drags on.

FILE PHOTO: A home under construction stands behind a “sold” sign in a new development in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson/File Photo

The decrease in sales reported by the Commerce Department on Monday followed data last week showing single-family homebuilding and permits racing to levels last seen in 2007 in September. Confidence among homebuilders hit a record high in October, while sales of previously owned homes jumped to their highest level in more than 14 years in September.

“While there could be some ups and downs along the way, we still look for strength in the housing market as low mortgage rates boost activity and

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U.K. Retail Sales Increase Most on Record in Third Quarter

(Bloomberg) — U.K. retail sales rose more than expected last month as demand for home improvement products and food contributed to the biggest quarterly jump on record.

The volume of goods sold in stores and online gained 1.5% from August, the Office for National Statistics said Friday, beating economists estimates for a reading of 0.2%. Sales were 17.4% higher in the third quarter following a lockdown-induced slump in the previous period.



text: All-Time High


© Bloomberg
All-Time High

While the report will be welcome for policy makers hoping to support the economy going into winter, there are already signs that rising unemployment and the prospect of a messy divorce from the European Union at the end of the year.

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Household confidence was starting to retrench even before the virus flared up again, forcing many areas into renewed restrictions, a report by GfK showed Friday. The number of job cuts jumped the

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House prices are at a record high



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Among all the doom and gloom, there is one industry that seems to be thriving in many parts of the country: the property market.

Average house prices this week reached record highs, according to Rightmove, fuelled by a temporary stamp duty holiday and a so-called ‘race for space’ as increasing numbers of us consider a change of lifestyle. 

So is it time to cash in? Here’s how to prime your home for a sale, and even add value to it.



a close up of a logo: The right time? Average house prices this week reached record highs, according to Rightmove, fuelled by a temporary stamp duty holiday and a so-called 'race for space'


© Provided by This Is Money
The right time? Average house prices this week reached record highs, according to Rightmove, fuelled by a temporary stamp duty holiday and a so-called ‘race for space’

MAXIMISE SPACE

Clearing out the cellar, loft and garage are obvious jobs, but estate agents say the canniest sellers should go much further.

‘This is particularly important in the

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Commercial sublease availability hits record high

Sublease availability in Tampa Bay’s commercial real estate market is at a “historical high,” according to a new quarterly report on the local office space market.



a man holding a football ball: South Africa's goalkeeper Momeeb Josephs during the African Cup of Nations soccer match, Senegal vs South Africa in Kumasi, Ghana on January 31, 2008. The match ended in a 1-1 draw. Senegal failed to qualify for the next round of the competition. Photo by Steeve McMay/Cameleon/ABACAPRESS.COM


© McMay Steeve/ABACA PRESS/Abaca
South Africa’s goalkeeper Momeeb Josephs during the African Cup of Nations soccer match, Senegal vs South Africa in Kumasi, Ghana on January 31, 2008. The match ended in a 1-1 draw. Senegal failed to qualify for the next round of the competition. Photo by Steeve McMay/Cameleon/ABACAPRESS.COM

The commercial real estate services firm JLL reported this week that 1.4 million square feet of space in Hillsborough and Pinellas counties is available for sublease, and nearly half of that has hit the market since March, when the coronavirus pandemic forced companies to send most workers home.

Kyle Koller, JLL’s research director in Florida, said 2020 1/4 u2032s sublease inventory boom rivals that of the dot-com era 20 years ago. But it doesn’t

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Cheer for virus-hit retailers after biggest quarterly leap for sales on record

Official figures show the biggest quarterly leap on record for retail sales, as the sector battles back from the coronavirus lockdown amid renewed restrictions.



a group of people posing for the camera: There has been evidence of shoppers bringing forward Christmas spending because of the virus crisis. Pic: Amer Ghazzal/Shutterstock


© Rex Features
There has been evidence of shoppers bringing forward Christmas spending because of the virus crisis. Pic: Amer Ghazzal/Shutterstock

The Office for National Statistics (ONS) reported a 17.4% jump in volumes in the third quarter of the year covering July to September but a mixed picture for various sectors.

The headline figures were much stronger than analysts had expected given continued consumer caution in the tough COVID-19 economy that has led to a surge in unemployment and forced the chancellor to improve his financial aid to businesses and workers.

Chancellor sets out three extra support measures

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The data showed sales excluding fuel purchases rose by 1.6% in September from August, leaving them 6.4% higher when compared to the

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September home prices soar on ‘crazy busy’ sales, set record for month

Greater Cincinnati home sales were sizzling hot even as the weather began to cool in September, setting a record for most units sold in the month, the Cincinnati Area Board of Realtors reported Thursday.



a sign in a field: Cincinnati ranks as one of the best cities for first-time home buyers.


© File photo
Cincinnati ranks as one of the best cities for first-time home buyers.

“The real estate market in Cincinnati is crazy busy,” Kelly Meyer, president of the local board of Realtors told The Enquirer. “We are in unique times with such a pent-up demand for housing.”

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September sales surged 21% from the same month a year ago to 2,582 units sold, according to the board of Realtors most recent report, which covers a half-dozen counties in Southwestern Ohio and two counties in Southeast Indiana.

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Local home sales for September even outpaced the healthy 18% statewide jump in

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