People are having a little fun over at The Housing Bubble blog. In the post, the blog’s author repeats statistics appearing in an article from the Daily News Transcript (where this newspaper is published is not really clear – Worcester?)
"According to the Multiple Listing Service Property Information Network, the largest property listing service in the state, covering nearly 90 percent of the commonwealth, inventory throughout the state is way up from June last year, but that’s not likely to affect purchase prices much, industry leaders say."
"As of June 16 there were more than 40,000 single family, multi-family, condo, land, commercial and business properties listed as active with MLS PIN. Approximately 22,000 of those listings fall into the single-family category."
The MLS spokesperson says that it the highest number of listings ever, since the Massachusetts MLS started, in its current form, back in 1997.
But, wait, hold on a second. This only tells HALF the story.