The final 2011 housing market statistics are in for Massachusetts. Borrowing a line from Tom Brady, the year sucked, but the fourth quarter wasn’t all that bad.
The Warren Group reports that single-family sales were down 6 percent last year, to 38,994, the lowest figure since 1990. That’s “1990,” as in the worst year of the recession following the collapse of the Massachusetts Miracle. Yikes. That ain’t good.
Prices were off about 3 percent, the Warren Group reported. But there was a bright spot in 2011: Fourth quarter numbers were stronger. The economy also seems to be strengthening. So there’s hope heading into the spring sales season.
File under: Go Pats!