From the Massachusetts Association of Realtors:
April 18, 2013 – The Massachusetts Association of REALTORS® (MAR) reported today that both the REALTOR® Market Confidence Index (RMCI) and the REALTOR® Price Confidence Index (RPCI) hit all time highs in March. With the number of homes for sale declining, REALTOR®-members who responded to the survey said they are seeing an increase in multiple-bid offers, but that single-bid offers are still just as common.
In March 2013, the REALTOR® Market Confidence Index was 75.52, which was up 52 percent from the March 2012 score of 49.54. This is the second straight all-time high for the RMCI and the 20th straight month of year-over-year increases.
Scott notes that previous reports of bidding wars breaking out here may have been overblown — but that could change very soon.