The Massachusetts housing market rocketed back in 2013 with packed open houses, bidding wars, and ever-rising prices, and analysts predict that a shortage of properties could make house hunting even more competitive next year.
“I think it’s been a banner year for real estate,” said Sam Schneiderman, president of the Massachusetts Association of Buyers Agents. “We knew that the market was tight. We never realized it was going to produce this kind of frenzy.”
After a slow start, sales picked up in April and then kept thumping the previous year’s numbers by double digits until late in the season. Homes stayed on the market for a shorter period of time, some buyers waived contingencies, such as home inspections, and realtors started citing an increasing number of cash transactions. Full story for BostonGlobe.com subscribers.