You probably read this in the daily newspaper, but here it is in an easy-to-read and understand format.
From The Warren Group:
[The Massachusetts’] condominium market, which experienced more moderate sales declines in September and October, saw double-digit percentage declines in sales and prices in November.
Sales sank 27.5 percent to 1,204 from 1,660 in November 2007. Sales through November decreased 23.1 percent to 18,862 from 24,514. The median condo price retreated 12 percent to $240,000 in November from $272,700 a year ago.
I don’t have a break-down for Boston, but it will be forthcoming. As you know, as a whole, Boston has not “suffered” a drop in average or median sales prices, although sales volume has dropped by between a quarter and a third.
Graphs courtesy The Warren Group
