Massachusetts Association of Realtors reported:
The inventory of single-family homes as of October 31, 2010 increased 13.0 percent from October 2009 (27,204 listings in 2009 to 30,860 listings in 2010) which translates into 11.2 months of supply in October 2010. This is up from 7.1 months of supply last year and up from 9.9 months in September 2010. This was the eighth straight month of inventory gains.
The inventory of condominiums on the market in October was up 3.0 percent compared to the year before (11,107 listings in 2009 to 11,469 listings in 2010), which translates into 11.8 months of supply, which is up from 7.3 months in October 2009 and up from 8.7 months this past September.
Detached single-family homes stayed on the market an average of 124 days in October 2010 compared to an average of 126 days in October 2009. Condos stayed on the market an average of 132 days, down from an average of 137 days in October 2009. On a month-to-month basis, days on market for single-family homes were down from 126 days and condos were up from 130 days in September.