Boston Real Estate

MA April Home Sales Drop

MA April Home Sales Drop

Statewide condominium sales declined more significantly - falling almost 37 percent to 1,160 from 1,834 in April 2010. A total of 3,895 condo sale transactions were recorded in the first four months of the year, a 26 percent decrease from 5,279 the prior year. April marked the 10th consecutive month that condo sales declined.

The median condo sale price rose for the first time this year. Prices climbed 8.6 percent to $276,000 in April from $254,138 during the same month in 2010. The year-to-date median condo price crept up 1.63 percent to $250,000 from $246,000.
Single-family home sales in Massachusetts dropped 28 percent in April compared to the same month a year ago. Median prices of homes statewide decreased for the fifth consecutive month, according to The Warren Group, publisher of Banker & Tradesman.

In April, there were 2,865 single-family home sales, down from 3,996 in April 2010. This marks the third consecutive month that sales volume decreased year-over-year. Sales volume reached the highest level so far this year; the number of sales has been as high as 2,624 in March and as low as 1,715 in February. Year-to-date sales are down almost 16 percent - a total of 9,509 home have sold so far this year, down from 11,308 during the same period last year.

Source: Banker and Tradesman

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