Quantcast Mass Home Sales Drop In June
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The Boston Real Estate Blog

I am an independent real estate broker, focused on the residential real estate market in downtown Boston.

Mass Home Sales Drop In June

Posted on 07/25/2007 10:15:23 | Link | Post Comment

According to the Boston Business Journal:

There were 5,978 single-family home sales in Massachusetts during the month of June, a drop of 8.3 percent from June, 2006, when there were 6,517 sales.

Condominium sales experienced the worst drop in sales all year in June, with sales falling 12.3 percent from 3,566 in June 2006 to 3,128, according to the report, which includes multiple listing data as well as homes that are for sale by owner.

Sales for the first six months of the year are down 5%, compared to 2006.

I'm surprised by the results, seeing as the market remains strong within the city of Boston.

Separately, the Massachusetts Association of Realtors reported that their inventory of single-family home and condo listings decreased 16.6 percent compared to the same time, last year.

More: Reports: Mass. housing sales continue slide - Boston Business Journal

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