Halfway through 2016, residential real estate markets are performing as predicted at the beginning of the year. Sales and prices have been going up in most areas, while the number of homes for sale and total months' supply of inventory have been going down.

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BOSTON, July 6, 2016 /PRNewswire-USNewswire/ -- On June 14, the Greater Boston Association of REALTORS (GBAR) named Joseph Schutt, a Broker with Unit Realty Group in Boston, as the 2016 Greater Boston REALTOR of the Year during the association's Annual Awards Breakfast at the Wellesley Country Club in Wellesley.

Although inventory is still being stretched thin in many areas, low mortgage rates coupled with higher wages have built a relatively sturdy housing marketplace.

Heres May 2016s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors.

The housing market is being predictable, and that's a good thing. At the beginning of the year, it was anticipated that the prevailing trends of the past year would continue into and through 2016, and that has largely been the case

Heres April 2016s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors.

(Multi-family housing activity comparing April 2016 to April 2015)

Here's the latest update of Real Estate Rewind Q1 2016, an online quarterly report produced by the Greater Boston Real Estate Board (GBAR) which summarizes residential real estate market activity in the GBAR jurisdictional area.

Employment figures are positive, wages are going up and employers are hiring. Consumers are holding for the right deal, even in the face of extremely low mortgage rates. As seller and builder confidence increases, we should see more activity in Q2 2016.

Strong buyer activity to start the year pushed closed home sales to highest level in a February since 2004. February median home prices were up from same time last year owing to buyer demand. The decreasing inventory trend continued in February.