Bay State Home Sales Climb 3 Percent In 2009; Median Price Drops Below $300,000
Reversing a four-year trend of sliding sales, single-family home sales in Massachusetts crept up 3 percent in 2009 from 2008, according to new data from The Warren Group, publisher of Banker & Tradesman.
Median home prices, however, dipped 6.6 percent from 2008 and were almost 20 percent lower than the market peak in 2005.
An excerpt from Banker & Tradesman:
A total of 41,583 single-family home sales transactions were recorded in 2009, up from 40,356 in 2008. December home sales jumped 16.8 percent to 3,350 from 2,868 in December 2008. December was the sixth straight month single-family home sales increased statewide.
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