The Warren Group just announced condominiums and single-family homes sales for November, 2007.
What’s up?
A total of 3,538 single-family homes sold in November, 15.4 percent fewer than during the same month in 2006, according to a new report by The Warren Group, parent company of Banker & Tradesman. Sales are the lowest recorded for any November in the past 16 years …
… The single-family median home price fell 5.8 percent [compared to November, 2006] … [t]he year-to-date median price is $311,705, or 4.7 percent below the median price for the first 11 months of 2006.
Meanwhile, Bay State condo sales plunged 23 percent in November. A total of 1,713 units traded compared to 2,229 a year ago. … [C]ondo sales are off by 8 percent with a total of 25,576 sales recorded through November.
The median condo price fell 4.2 percent to $258,006 in November [compared to 2006]. Year-to-date the median condo price of $269,900 is about 2 percent lower than a year earlier.
No word yet on sales within the city of Boston.
Source: Home, Condo Sales Tumble in November – By Aglaia Pikounis, Banker & Tradesman (subscription required)
