The Massachusetts Association of Realtors reported today that September condominium market was up 8.87 percent compared to the same time last year (from 1,173 units sold in 2010 to 1,277 units sold in 2011). On a month-to-month basis, condominium sales were down 23.26 percent compared to the 1,664 units sold this past August. Similar to single-family homes, it is typical for there to be an August-to-September decline in sales.
Condominium median selling prices in September were up 5.43 percent from the September 2010 median price (from $258,000 to $272,000 in 2011). On a month-to-month basis, the median selling price of a condominium was down 5.23 percent from an August median of $287,000.