The sale of real estate-owned property, or REOs, is definitely a drag on MA home sale prices. The Warren Group found that if the bank-owned property sales were taken out to the equation, the median price for homes sold in January and February would have been $272,000 instead of $251,000.

In fact the median price for the bank-owned homes during the first two months of 2009 was just under $100,000.

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