Report: Mass. home sales keep tanking

Massachusetts single-family home sales dropped 14.9 percent on a volume basis in October, and the October median sale price of a single-family home in the Bay State fell 6.9 percent, to $312,000 from $335,000, when compared to the same month last year, a real-estate data firm said today.

The Warren Group, publisher of Banker & Tradesman, said the October home price decrease was the sixth straight monthly drop when compared to the same months last year.

The number of single-family home sales in October fell to 4,313 from 5,068, the Warren Group said.

Meanwhile, October condo sales fell 19.5 percent to 2,226 units, and the median condo sale price dropped 4.8 percent to $261,750 from $275,000, the Warren Group said.
(By Chris Reidy, Globe staff)