Whew! I was starting to wonder if I was too optimistic. The Banker & Tradesman most recent Massachusetts condo sales report : Condominium sales also dropped in July, decreasing 32 percent from a year earlier. A total of 1,484 condos sold in July, down from 2,185 a year ago. Year-to-date condo sales were up 16 [...]

The sales of Massachusetts single-family homes fell 26 percent in July, reversing a trend of 12 straight months of increases, the Warren Group reported this morning.

Home values in Massachusetts defied a nationwide trend, increasing 3.4 percent year-over-year in the second quarter, a new report found. In the Boston area, the average home value of properties listed on Zillow is $331,568, up 3.2 percent from the first quarter. In the Cape Code area, home values fell 2.8 percent year-over-year to $318,026.

I need to read the Banker & Tradesman more often, because they have some fascinating data on the local condo market. Here are my two favorite excerpts from today’s article: … condominium sales for the second quarter more than doubled from a year earlier, and posted the strongest sales pace for any second quarter since [...]

The following are excerpts from the Massachusetts Association of Realtors Study: The median income of buyers was up to $94,800 compared to $88,100 in 2007 and higher than the $73,100 national median income. Fifty-nine percent of home buyers were married couples, 15 percent single females, 14 percent single males, and 12 percent unmarried couples. Thirteen [...]

According to a new study 50% MA home buyers in 2009 were made by first-time buyers. February 10, 2010 – A new study on Massachusetts home buyers and sellers found that over 50 percent of all homes purchased in the Bay State in 2009 were made by first-time home buyers (compared to 47 percent nationally). [...]

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 [...]