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Home/Real Estate/PENDING HOME SALES INDEX

Massachusetts home sellers are losing leverage as 34% of listings see price cuts

HP

Hugo Pemberton

pending home sales index · Apr 17, 2026

Massachusetts home sellers are losing leverage as 34% of listings see price cuts

Source: DojiDoji Data Terminal

Buyers in Massachusetts are gaining bargaining power as 34% of listings have seen price reductions. This is the highest share of price cuts for this time of year in more than a decade.

Related Brief2h ago
housing market

Rhode Island Home Sellers Now Cutting Prices as Buyers Gain Leverage

The typical home in Rhode Island took 51 days to sell in early April, the slowest pace for this time of year since before the pandemic. This shift in the housing market has given buyers more leverage, with 34% of listings seeing price cuts—the highest share for this time of year in over a decade. Median home prices rose 2% annually to $393,000, but the growing share of price reductions signals a market where sellers are increasingly willing to negotiate. In Providence, sellers who cut prices did so by an average of 6.2%, or $44,090. Mortgage rates climbed into the mid-6% range, pushing typical monthly payments to about $2,750.

In Boston, sellers who cut their price did so by an average of $57,426, or 6.5%.

Related Brief2h ago
real estate

Canadian Home Sales Growth Forecast Cut to 1 Percent

The national average sale price fell 0.8% to $673,084 in March. The Canadian Real Estate Association's home price index for the typical home dropped 4.7% year-over-year. These shifts are driven by a jump in fixed mortgage rates, which followed higher inflation and rising global economic uncertainty. Higher inflation has increased the probability of a rate hike in 2026. The Canadian Real Estate Association downgraded its 2026 home sales forecast to 474,972 residential properties. This represents 1% growth over 2025, down from a January forecast of 5.1% growth. The national average home price is forecast to rise 1.5% to $688,000 in 2026. This figure is $10,000 lower than the January forecast.

Demand has weakened as mortgage rates climbed into the mid-6% range, pushing typical monthly payments to about $2,750. Higher borrowing costs and affordability pressures have sidelined buyers, causing homes to take longer to sell. The typical property now goes under contract in 51 days, the slowest pace for this time of year since before the pandemic.

Related Brief1d ago
real estate

Mortgage Rate Volatility Shifts Homebuyers to the Sidelines

Monthly payments for financed home purchases increased as mortgage rates rose from 5.98% to 6.37% last week. This shift kept potential buyers on the sidelines. Existing home sales fell 3.6% in March to a seasonally adjusted annual rate of 3.98 million units, a 1% decline from a year ago. First-time buyers accounted for 32% of transactions in March, down from 34% in February. All-cash sales fell to 27% of deals from 31% in February. Housing inventory remains constrained at 1.4 million unsold homes, or a 4.1-month supply. Median existing-home price rose 1.4% year-over-year to $408,800.

Pending sales fell 2.4% year over year, the steepest drop in three months. While the median sale price rose 2% annually to roughly $393,000, the increasing frequency of price cuts indicates a shift in leverage toward buyers.

Related Brief5h ago
housing market

Higher mortgage rates lock in lower housing activity as CREA cuts 2026 sales forecast

Canadian home sales lost ground in March as higher mortgage rates tightened their grip on buyer activity, pushing the Canadian Real Estate Association to cut its 2026 forecast by nearly 20,000 units. Sales dipped 0.1% from February and were down 2.3% annually, excluding seasonal adjustment, while the Home Price Index fell 0.4% for the month and 4.7% over the past year. The sales-to-new listings ratio held at 47.8%, below the long-term average, signaling sustained buyer-side leverage in the market. A mid-March jump in fixed mortgage rates—driven by higher inflation and global economic uncertainty—further dampened momentum. CREA now expects 474,972 residential sales in 2026, down from its January forecast of 494,512. The 20,000-unit revision underscores how elevated borrowing costs are reshaping long-term housing demand.

pending home sales index

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