WALTHAM — A mild December allowed for a more active than usual real-estate market last month, as pending home sales increased more than 30 percent from the same month last year, according to the Massachusetts Association of Realtors.
MAR reported that 3,537 single-family homes came under agreement last month, up 34.2 percent from the December 2014 total of 2,635.
The median agreed-upon price for homes that came under agreement last month was $345,000, up 4.5 percent from the December 2014 median of $330,000.
Interest in condominiums in the state was nearly as strong.
MAR reported that 1,217 condos came under agreement in Massachusetts last month, up 30 percent from the year-ago total of 936.
The median agreed-upon price for homes that came under agreement last month was $319,900, roughly flat with the December 2014 median of $320,000.
For both single-family homes and condominiums, pending sales have risen on a year-over-year basis in 33 of the last 34 months.
“Buyers took advantage of the unseasonably warm weather to add home buying to their holiday shopping lists in December,” said MAR President Annie Blatz, branch manager at Kinlin Grover Real Estate in Brewster. “An improved economy and a strong desire to live in Massachusetts pushed pending home sales up over last year despite the low number of homes for sale.”
A “pending sale” occurs when a buyer and seller come to an agreement on a piece of real estate but have not yet closed. Real-estate pros say such statistics provide a good indicator of the market a month or two in the future.