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NEW: September MA Home Sales Up for 15th Straight Month

Friday, October 26, 2012

 

The Massachusetts Association of Realtors (MAR) reported Thursday that September home sales closed up for the 15th straight month compared to the same month last year.

"September numbers show that buyers took advantage of market conditions to push home sales up again," said 2012 MAR President Trisha McCarthy, broker at Keller Williams Realty in Newburyport.

"Despite the decreasing inventory of homes for sales, prices continue to stabilize and compared to the peak years are a good value for those people looking to buy."

There were 3,580 detached single-family homes sold this September, a 2.8 percent increase from the 3,482 homes sold the same time last year. This is the 15th straight month of year-over-year increases. This was the most home sales in a September since 2006. On a month-to-month basis, home sales were down 30.9 percent from 5,180 homes sold this past August. It is typical to see a significant month-to-month drop from August to September.

The median selling price for single-family homes in September was $294,900 which was down less than one percent from $296,750 in September 2011. This is the second straight month that median prices have ticked down. On a month-to-month basis, the September median selling price was down 6.8 percent from $316,500 in August 2012. This is the third straight month-to-month decline.  

 

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