During the real estate boom earlier this decade, prices for single-family homes increased 80 percent in Massachusetts. By June of this year, the median price for a single-family home was $370,000. Then the drop came: Month after month, both home prices and sales, across the state and the country, sharply declined.
In November, two housing reports suggested that the real estate market slump may be nearing its end, as the drops in both prices and sales moderated in the month of October. But the story is isn’t over: At the end of October, there were 33 percent more homes and condos for sale statewide than a year earlier.
Read more on the softening real estate market
In November, two housing reports suggested that the real estate market slump may be nearing its end, as the drops in both prices and sales moderated in the month of October. But the story is isn’t over: At the end of October, there were 33 percent more homes and condos for sale statewide than a year earlier.
Read more on the softening real estate market(AP Photo/David Duprey)
