MASS & NORTH SHORE HOME SALES
MAR reported that both single-family home sales and condominium sales were down 14.9 percent and 20.3 percent respectively in June compared to the same time last year. On a month-to-month basis, both single-family sales and condominium sales continue to go up. Listings and months of supply are down compared to the same time last year.
In the second quarter of 2008, single family homes sales were down 13.7% and condominium sales were down 23.6%. "While we were hoping to see the trend of narrowing sales declines we experienced in April and May, that just didn't happen in June, " said MAR President, Susan M. Renfrew. "However, median prices are at their highest in several months, while the number of homes for sale and months of supply are continuing to come down, meaning demand for those properties can start to increase.
MA Detached Single-family Home Sales and Median Selling Prices
2007 2008 % Change
12,184 10,518 -13.7
355,000 325,000 -8.5%
MA Condominium Sales and Median Selling Prices
February 2007 February 2008 % Change
6,283 4,802 -23.6%
287,500 265,000 - 0.9%
In the second quarter of 2008, single family homes sales were down 13.7% and condominium sales were down 23.6%. "While we were hoping to see the trend of narrowing sales declines we experienced in April and May, that just didn't happen in June, " said MAR President, Susan M. Renfrew. "However, median prices are at their highest in several months, while the number of homes for sale and months of supply are continuing to come down, meaning demand for those properties can start to increase.
MA Detached Single-family Home Sales and Median Selling Prices
2007 2008 % Change
12,184 10,518 -13.7
355,000 325,000 -8.5%
MA Condominium Sales and Median Selling Prices
February 2007 February 2008 % Change
6,283 4,802 -23.6%
287,500 265,000 - 0.9%
posted by lindanortonrealtor | 7:49 PM
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