The curious trend in Massachusetts continues: sales volumes decline while median prices inched up. November sales of single-family homes fell 32 percent compared to the same month last year. But … remember that in 2009 people were taking advantage of the homebuyer tax credit. Data also shows that median prices keep creeping upward. The median condo price rose 11.2 percent; single family home median prices rose 5.3 percent.
The Boston Herald quotes real estate guru emeritus Karl Case on the data: “The number of potential buyers is down because people are doubling up or moving back with mom and dad and unemployment is driving people out of state because they can’t find work.”