Condominium sales in Massachusetts, which have plunged by double-digit percentages in 2009, took a turn for the better in September, marking the first year-over-year increase in condo sales in more than two years.
Condo sales increased 3.7 percent in September to 1,693 from 1,633 in September 2008. A total of 5,989 condos sold in the third quarter, 2.9 percent lower than the 6,166 condo transactions recorded in the third quarter of 2008.
In the first nine months of 2009, condo sales fell 15.9 percent to 13,453 from 16,004 during the same period in 2008.
September’s median selling price for a condominium declined 2.3 percent to $259,000 from $265,000. The third quarter median condo price dropped 4.2 percent to $273,000 from $285,000 in Q3 2008. Year-to-date, the median condo price has declined 8.2 percent to $257,000 from $280,000.
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