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From Bloomberg News:
Aug. 25 (Bloomberg) — The worst may be over for the U.S. real estate market, according to two gauges of home prices.
The S&P/Case-Shiller home-price index, which tracks 20 metropolitan areas, declined 15.4 percent in June from a year earlier, the smallest drop since April 2008, the group said today in New York. [...]

The Bay State’s long-running housing bust might be finally winding down after four years of seemingly endless declines.
A trio of reports released yesterday shows that housing is scoring some of its best marks since real estate began tanking in mid-2005.
“It’s great news,” said Timothy Warren of market tracker the Warren Group, which yesterday said the [...]

July 2009
Number of Boston Proper condo sold: 222
Avg. sales price for Boston Proper condo: $606,176
Median price for a Boston Proper condo: $502,500
Avg. $/SF price for Boston Proper condo: $627
Avg. Days on the market: 97
July 2008
Sales: 233
Avg. $: $604,154
Median $: $480,000
Avg. $/SF: $617
Avg. DOM: 82
July 2007
Sales: [...]

The Warren Group released MA condo stats for July 2009.
“Condo sales remained fairly flat in July, but that’s a significant step up from prior months when sales sank by 20 to 30 percent. And the decline in condo prices in July wasn’t as steep as it has been,” said Warren.
Statewide condo sales totaled 2,190 [...]

New Housing Report Raises Question: Have We Hit Bottom?
Some good news for the housing market: The Warren Group reports today that single-family home sales jumped almost 12 percent in July from the same month last year.
There were almost 5,000 single-family home sales during the month, the best sales pace for the month of July [...]

Video from Plum TV shows images of the 28-acre Blue Heron Farm in Chilmark, where the first family will stay during this week. The farm includes the main house, guest house, boat house, basketball court and putting green. The Obamas paid to rent the estate (at an estimated price of $35,000-$50,000) with their own money. [...]

Economist Paul Krugman:
“We’ve got a problem with terminology because we usually say either the economy is in recession or the economy is recovering. Either you’re in hell, or you’re in heaven. And the trouble is we’re actually in purgatory. We’re actually in a situation almost for sure GDP is growing; almost for sure the business [...]

Good news was reported in the Weekend Edition of The Wall Street Journal:
Sales of existing homes in July jumped at the fastest rate in 10 years, sending stock prices up around the globe on hope that the U.S. housing market-a driver of the world’s largest economy-is stabilizing after years of decline.
Sales of single-familly homes increased [...]

The following is a snapshot of the Boston proper condo market.
Back Bay Condos
Number of Back Bay condos avail for sale – 261
Average days on the market – 185
Beacon Hill Condos
Number of Beacon Hill condos avail for sale – 82
Average days on the market – 167
Charlestown Condos
Number of condos for avail for sale – 123
Average days [...]