Archives

The Massachusetts Association of REALTORS® (MAR) reported today that single-family home sales in May were down over five percent compared to the same time last year. The median price of single family homes was also down for the first time in eight months. New listings added to the market were up almost eight percent over last year. Condominium closed sales and median prices were both up.

WALTHAM, MA - October 12, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) today announced that the September REALTOR® Market Index (RMI) was down for the fourth straight month compared to the same time last year. While the September REALTOR® Price Index was also down again for the third straight month, it was up compared to this past August.“Uncertainty continues to be the theme echoed by REALTOR® members who responded to the September housing survey,” said 2010 MAR President Kevin Sears, broker/co-owner of Sears Real Estate in Springfield. “While their expectations on prices are down from last year, when activity amidst the first-time homebuyer tax credit was gaining critical mass, the RPI is up from August, most likely due to dropping interest rates.”