Mass. home sales down in second quarter

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July 28, 2008

Anonymous The Salem News Mon Jul 28, 2008, 10:56 AM EDT

WALTHAM — Spring brought no reawakening for the housing market in Massachusetts.

The Massachusetts Association of Realtors said Monday that sales of single-family homes fell 13.7 percent in the second quarter of 2008, while condominium sales fell 23.6 percent from the same April-June period a year ago.

The median selling price for a single-family home was $334,900, an 8.5 percent decline from 2007.

The Warren Group, a Boston-based publisher of real estate data, reported Monday that Massachusetts had the fewest home sales over the first half of 2008 than in any six-month period since 1991.

The realtor group did say sales of single-family homes and condos have been rising on a month-to-month basis for the past four months and the number of listings are down from last year — which could lead to more demand.

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