Welcome!




Expand Your Education with These Courses from
A Consumer Advocate Approach to Real Estate: Course 1.
Negotiating Skills: Skills for Sales Success: Part Six.
Time Management: Skills for Sales Success: Part Two.
Bundle 1: CIPS Core Course (US Version).
Business Creation – Prospecting: Skills for Sales Success: Part Three.

Regional Spotlight: Massachusetts Home Sales Slip Slightly in February

Have a comment on this article? Share on Facebook!

RISMEDIA, March 22, 2007-Sales of single-family homes in Massachusetts declined in February compared to year-before numbers, but healthy sales in January helped year-to-date sales increase compared to 2006, according to a report released today by The Warren Group, publisher of Banker & Tradesman.

Single-family home sales fell 1.4% in February 2007, when 2,983 were sold, compared with 3,024 in February 2006. Year-to-date sales, however, rose 2.24%, with 6,306 homes sold during the first two months of this year, compared with 6,168 during the same time period last year.

The median price for single-family homes fell 4.6% in February 2007, dropping to $300,000 from $314,500 in February 2006. Year-to-date, the median price fell 3.8%, from $320,000 during the first two months of 2006 to $308,000 this year.
Sales of single-family homes in January rose for the first time in two years, increasing by 5.1% to 3,304. The median price in January fell 3.4%.

"Although the number of sales fell in February, the relatively low decrease shows more of a leveling-out in Massachusetts home market," said Timothy Warren, Jr., CEO of The Warren Group. "Sales decreased by double-digit percentages during much of 2006, so a decrease of only 1.4 percent could be an indication of some stabilization in the market. But recent difficulties in the subprime mortgage market could spell trouble down the road. Mortgage lenders may react by tightening qualifications for mortgages, making it more difficult for some to buy homes. That means Massachusetts' housing market is probably not yet out of the woods."

For more information, visit www.thewarrengroup.com.

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Categories: Real Estate News

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com