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MAR: Sales down, prices up … but listings also up

MAR

The Massachusetts Association of Realtors reports this morning that home and condo sales were both down again in July while prices continued to rise.

But prices seem to be moderating a bit, rising by 2.9 percent last month for single-family homes and by 2.6 percent for condos compared to a year ago.

And another interesting, and possibly encouraging, factoid: New listings for single-family homes rose by 7.6 percent last month and increased by 4.7 percent for condos.

Yes, inventory of homes for sale is still a major, major challenge for would-be homebuyers. Yet, there are signs of improvements. Small signs. But signs nevertheless.