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Your Q3 2022 Quarterly Market Insights Is Here
Featuring a Collection of Interactive
Graphs, Charts, and More for SF and CC Properties in MA
It’s time again for MLS PIN’s Quarterly Market Insights featuring 12 informative, interactive slides using single-family and condominium listing data from Pinergy. We create these reports every quarter, and they feature quarterly sales summaries, 5-year average/median sales price comparisons, active listing inventories by quarter, and many more statistics. 

Thank you all for the great feedback on our first release of these informative slides. We listened and have implemented some changes. This quarter, we’ve included a second report link—for Q3 condo activity in Pinergy. We’ve also included a second map (slide 12) in each report, showing differences in unit sales. So now we have one map for volume differences and another for unit differences.
Let's Analyze the Data!

We all felt the change in the market going into Q3 2022. Average and median sales prices continued to rise, but days on market, days to offer, and inventory levels began to rise as well. Active single-family inventory rose almost 42% compared to Q2 while active condo inventory rose almost 17%. Slide 4 in each report, Median List Price vs Median Sale Price, shows that this increase in inventory came with a decrease in sale-to-list price ratio. While still over 100%, the sale-to-list price ratio had declined for single-family homes from 104.76% in 2021 to 102.76% in 2022. Condos were similar at 102.04% in 2021 and falling to 101.97% in 2022. This indicates while pricing remained strong, there were fewer multiple-offer situations driving demand above list price. 
  
I’d like to point out that in slide 9, Monthly Average Days to Offer, you can see quite a difference in September from July and August for single-family homes. This will be a trend line to watch as we move into the last few months of the year. Days to offer in September for single-family homes have gone up to 21 compared to 16 last September. This is a strong indicator that buyer activity has slowed from the frenzy we experienced most of 2021 and early 2022. 
  
Finally, you can see on slide 5 that total market volume was down for Q3 compared to Q3 of 2021. Since prices remained high, this change is attributed to the decline in units throughout the market.
We hope you all find this information useful; we really enjoy putting together this format for you to use in your presentations, social media, or any platform to help you educate on the market. Look for these reports in your email every quarter, or find them in the MLS PIN Resources and Quick Links areas of Pinergy’s Home page.
  
Best of luck for a strong finish in 2022!
Erminio Grasso
President and Chief Executive Officer