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Falling sales, rising concerns

Posted by Scott Van Voorhis March 25, 2014 04:23 PM

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Come out, come out wherever you are, all you mysterious sellers.

The Massachusetts Association of Realtors put out its sales and price report for February earlier today.

And frankly, the numbers raise a couple red flags.

For starters, home sales fell nearly 6 percent in February compared to February 2013, while also falling 25 percent from January.

And yes, home prices went up again, to a median price of nearly $295,000, a 7.3 percent increase.

Separately, the latest Case-Shiller report found that Boston-area prices rose more than 9 percent in January.

But let's face it, all these price increases are hardly doing buyers any good.

Nor are they convincing enough sellers to jump into the market.

The inventory of unsold homes fell yet again in February, a losing streak that now extends back two years, or 24 straight months.

Of course, the big question will be how sales do in March, the traditional launch to the
spring season.

And an even bigger question will be whether we see a substantial influx of sellers into the market. Certainly the for-sale signs are going up - get out and drive around your neighborhood, if you doubt me - but then again they always do each March.

Are you ready to sell or buy? What's your take on this market and what's your story?

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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