MAR releases July 2007 data
Yesterday, the Massachusetts Association of Realtors, based in Waltham, released housing data for July 2007. Here are the numbers:
Detached Single-family Home Sales and Median Selling Prices
| July 2006 | July 2007 | % Change |
| 4,166 | 4,363 | 6.0% |
| $361,250 | $365,775 | 1.3% |
Condominium Sales and Median Selling Prices
| July 2006 | July 2007 | % Change |
| 1,935 | 1,933 | -0.1% |
| $276,000 | $293,500 | 6.3% |
Contrary to popular opinion at the moment, home sales increased over the same period a year ago, and condo sales remained almost exactly the same. Median sale prices have increased only slightly for single family homes, a good sign that the housing market may be ending its slump.
On the flip side, houses are staying on the market longer and inventory is down. For more detailed information, please check the press release from MAR.
December 29th, 2007 at 5:07 am
The most comprehensive info I have found on this subject on the net. Will be back soon to follow up….
December 22nd, 2008 at 9:21 pm
Well spoken. I have to research more on this as it is really vital info….