The Warren Group released MA condo stats for July 2009.
“Condo sales remained fairly flat in July, but that’s a significant step up from prior months when sales sank by 20 to 30 percent. And the decline in condo prices in July wasn’t as steep as it has been,” said Warren.
Statewide condo sales totaled 2,190 in July, slightly lower than the 2,227 sales in July 2008. So far this year, condo sales are off by about 20 percent. A total of 9,653 condos traded from January through July, down from 12,065 a year ago.
The median condo price fell 4.3 percent to $276,000 in July from $288,500 last year. July’s 4.3 percent drop was the smallest so far in 2009. In the first five months of the year, price declines exceeded 10 percent. The year-to-date condo price is off about 10 percent to $252,100 from $279,900.
Read the full Warrenn Group real estate report