• Font Size    
E-mail

Close Window E-mail This Page

Home Sales Continue To Post Double-Digit Declines

Required fields are marked with an asterisk(*)



The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +   

Home Sales Continue To Post Double-Digit Declines

BOSTON (WBZ) ― For the third month in a row, home sales in Massachusetts are down by a double-digit percentage, according to published reports.

The Warren Group, a Boston-based publisher of real estate data, reports a 15 percent drop in single-family home sales in November, compared with the same month one year ago.

According to the report, September and October saw even steeper drops -- 19 and 17 percent respectively.

In addition to homes sales, home prices have also dropped by nearly 6 percent, The Warren Group reports.

However, the price decline is less than half a percentage point when the effect of the recent spike in foreclosures is excluded.

The report reveals that condo sales fell 23 percent in November -- down 4 percent, but just 1 percent excluding foreclosures.

(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)