OK, we’ve all heard the bad news about falling sales of single-family homes and condos in Massachusetts during the first half of the year — a 20 percent decline for homes and a 30 percent plunge for condos.
But did you know that prices actually increased during the first half of the year? Home prices were up about 1.7 percent, while condo prices increased by about 3.5 percent in Massachusetts.
Granted, prices are still down over the past five years, hurting sellers and helping buyers.
Nonetheless, it’s still interesting and encouraging that prices managed to stabilize over the past six months, though not everywhere across the state. And note: it happened after the federal tax credit expired.
