Massachusetts Home Sales Plummet In January
Two reports on single-family home sales in Massachusetts showed a decline of about 28 percent in January 2008 compared to January 2007, The Boston Globe reported February 26, 2008
The Warren Group, a publisher of real estate data, reported a 28.3 decline in single-family home sales and 4.4 decline in the medium price of a single-family home.
The Massachusetts Association of REALTORS® (MAR) reported a 27.7 percent decline in single-family home sales and 5.6 percent decline in medium prices for single-family homes.
The Warren Group said condo sales declined 36.2 percent in January. MAR reported a 33.7 percent decline in condo sales.
Boston Globe reporter Binyamin Appelbaum has a good blog post on declining prices in the Greater Boston Area.
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