So, single-family home sales in Massachusetts dropped over 17%, in October, according to The Warren Group.

Year to date, sales are down seven percent.

Meanwhile, single-family home sales in Suffolk County dropped over 40%, but the overall number is pretty low to begin with – the number of sales dropped from 136 to 81.

Median single-family home prices, meanwhile, dropped over 6% in Massachusetts, and 14% in Suffolk County.

Oddly, however, the median price of condos in Suffolk County stayed flat, at $320,000, while the year-to-date price decreased 1.9 percent from $338,812 to $332,500, according to The Warren Group.

So, prices have stayed the same.

Now, an optimist might think, well, the drop in sales volume is because a lot of people can’t get mortgage loans any longer, either because they have bad or no credit, no down payments, or sketchy work history. Or, just out of bad luck.

I don’t think it’s that easy, however.

It does make you wonder, though. Why was the number higher last year? Was credit still easy last year? Was last year just too high a sales volume to be sustainable? Is buyer sentiment such that only those who have to are buying?

I find it hard to believe that this “20%” are the smart ones, and everyone else is either being forced to buy, etc., etc., etc., which is what some people believe.

Truth is, many people have been unaffected by the slowdown in the real estate market. Their incomes are secure, their jobs are secure, they are going on with their lives.

Sort of like when you’re on the highway and see a car pulled over to the side of the road.

You slow down to take a look, but then you move on.

Wait, did that car slow down because of the heavy rain and fog in the road up ahead?

Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.

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Updated:  1st Q 2018

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Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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