Another snapshot of the Mass. housing market says home sales are stabilizing

Local home prices showed signs of "stabilizing" in October, the Massachusetts Association of Realtors said today.

The group's report was the second one issued today on the local housing market, and its pricing data differed from numbers in an analysis by the Warren Group, a real estate data firm and publisher of Banker & Tradesman.

The median sale price of a single-family home was down 2 percent in October to $341,000 from the same month a year ago, according to the Massachusetts Association of Realtors.

But the Warren Group said the median sale price in October was down 6.9 percent.

According to the Massachusetts Association of Realtors, the volume of detached single-family homes sold in the Bay State during October fell 16.5 percent to 3,239 homes when compared to October 2005.

On a volume basis, condo sales fell 17.6 percent to 1,464 condos in October, and the condo median selling price was $261,250, down 3.7 percent from the same month a year ago, the association said.
(By Chris Reidy, Globe staff)