The Massachusetts Association of Realtors says pending single-family home sales dropped by 10 percent in August, compared with last year.

But the group’s president, Kevin Sears, says a federal tax credit inflated last year’s sales, making that 10 percent drop less worrisome.

Excerpt from the Massachusetts Assoc. of Realtors:

The number of condos put under agreement in August was down 19 percent compared to August 2009 (1,770 units in 2009 to 1,435 units in 2010).  On a month-to-month basis, condos put under agreement were down 2.1 percent from 1,466 units in July.  This is the first single-digit decrease after three straight month-to-month double digit decreases.

Read more from the Massachusetts Assoc of Realtors

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