This is kind of like a back handed compliment. June sales of Massachusetts condos posted only a 5.7% decline in price over the same period last year. This is the smallest year-over-year drop in pricing since last August and is much smaller than the double digit declines we had seen in earlier months this year. [...]
Posted in: Boston Real Estate Market | Tags: Boston Condo Market, MA condo market, warren group | No Comments
In October of 2005, during the peak of the real estate boom, the median sales price of a home in America was 7.3 times per capita income. This May the median price of a home in American had settled in around 5.7 times per capita income, close to a 30% drop and right around historical [...]
Posted in: Boston Real Estate Market, Warren Residential Group | Tags: Boston Condo Market, Boston Median Home Value, Boston Real Estate Market | No Comments
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