march sales market report

March Mass Home Sales Shows Decline

March Mass Home Sales Shows Decline

Condominium sales in March dropped for the ninth straight month. Condo sales decreased 31.6 percent to 1,034 from 1,511 in March 2010. A total of 2,747 condo sales transactions were recorded in the first three months of the year, a more than 20 percent decrease from 3,445 a year earlier.

Sales of both condos and single-family homes in every county statewide decreased in March.

The median price for condos sold in March was $237,000, down almost 5 percent from $249,000 in March 2010. The first quarter median condo price also declined almost 2.5 percent to $237,000 from $243,000 during the prior year's first quarter.

Source: Banker and Tradesman

Subscribe for off market home opportunities, Boston development news, market reports and more.