Massachusetts single-family home sales declined 14.4 percent in March compared to March 2010, The Boston Globe reported April 29, 2011.
Single-family home sales declined more than 8 percent in the first quarter.
The Warren Group, a Boston-based publisher of real estate information, tracked the housing data.
The median price for single-family homes declined 2.8 percent in March ($267,250) compared to the same period last year. The median sales price in the first quarter stood at $265,0000, a 4 percent fall from the first quarter of 2010.
Condominium sales declined 23.5 percent in March compared to March 2010 (1,296 units sold in March 2010; 991 units sold in March 2011), the Massachusetts Association of REALTORS® reported April 28, 2011. The median price of a condo in Massachusetts dropped 8.4 percent from March 2010 ($256,000 in March 2010 compared to $234,500 in March 2011).
Condo sales declined 23.3 percent in the first quarter. The median price in Q1 2011 dropped 5 percent compared to the first quarter of 2010.
According to data released April 26, 2011 by the S&P/Case-Shiller Home Price Index, which measures repeat home sales across the United States, Greater Boston Area home values dropped by about 1.5 percent in February compared with the month before, a slightly steeper decline than the 1.1 percent fall seen in the top 20 metro markets tracked by the index.