The Herald reports its early numbers on the MAR September report, and it’s pretty much what everyone expected – September was a slow month indeed. Single-family home sales slid 16% and condo sales were off 26% from the same month last year. Ouch.
Of course, the Boston market has its quirks, as we have reported here on this blog. For instance, in the $500k – $800k range, there’s only been a 2% drop from ’09. In the $300k – $499k range, there’s been a 25% drop. In the up to $300k range, it’s been close to a 35% drop. However, in the $1 million+ category, from July to Sept., there was a 19% increase (from 84 in 2009 to 100 sales in 2010).
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