August 21, 2007
July home sales up 1.5 percent
By Matthew L. Brown
July was the second month this year in which home sales rose, according to the Warren Group, publisher of Banker & Tradesman.
Year-to-date sales and median prices are still down, the group said.
Sales rose 1.5 percent from 5,151 in July 2006 to 5,229 this year. Sales began to fall steadily in February 2005, but experienced a reprieve in January 2007, when they increased by 5.8 percent. Sales had declined every month since, until July.
According to the Warren Group, single-family home sales overall dropped 5.3 percent in the first seven months of the year from 32,191 in 2006 to 30,496 this year.
The median price for single-family homes fell 4.6 percent in July from $338,400 to $323,000. The year-to-date median price declined 4.7 percent from 332,500 to $317,000.
The median price for condominiums was another bright spot in July, when it increased 0.9 percent from $277,500 last year to $280,000 this year. Condo sales were down only slightly, declining 1.3 percent from 2,693 to 2,658, the Warren Group said.
The Massachusetts Association of Realtors also released its July home sales numbers today.
According to MAR, which counts only home sales involving realtors, sales of single-family homes were up 6 percent compared to July 2006. MAR said condo sales were down 0.1 percent compared to July 2006.
For the realtors, the July increase was the first year-over-year sales increase since July 2004. The realtors said sales were down 12 percent from June.
Year-to-date sales and median prices are still down, the group said.
Sales rose 1.5 percent from 5,151 in July 2006 to 5,229 this year. Sales began to fall steadily in February 2005, but experienced a reprieve in January 2007, when they increased by 5.8 percent. Sales had declined every month since, until July.
According to the Warren Group, single-family home sales overall dropped 5.3 percent in the first seven months of the year from 32,191 in 2006 to 30,496 this year.
The median price for single-family homes fell 4.6 percent in July from $338,400 to $323,000. The year-to-date median price declined 4.7 percent from 332,500 to $317,000.
The median price for condominiums was another bright spot in July, when it increased 0.9 percent from $277,500 last year to $280,000 this year. Condo sales were down only slightly, declining 1.3 percent from 2,693 to 2,658, the Warren Group said.
The Massachusetts Association of Realtors also released its July home sales numbers today.
According to MAR, which counts only home sales involving realtors, sales of single-family homes were up 6 percent compared to July 2006. MAR said condo sales were down 0.1 percent compared to July 2006.
For the realtors, the July increase was the first year-over-year sales increase since July 2004. The realtors said sales were down 12 percent from June.
WBJ Web Partners
Most Recent
Most Recent
0 Comments