The Herald is reporting that the Bay State housing market took another big hit last month, as single-family home sales fell 18 percent and condo sales dropped by 17 percent.
Once again, last year’s federal home-buying credit is blamed for distorting the stats, making last year look better than it really was.
Some decent news: Condo prices increased by about 5 percent over last year. Not that higher prices are good per se. Instead, it signals prices may be stabilizing.
Filed under: Home Improvements, not really