Tuesday, April 25, 2006

MAR - Real Estate Data

The following information was obtained by the Massachusetts Association of Realtors:

Detached Single-family Home Sales:

March 2005-3,373
March 2006-3,440

2% increase.

Activity in the state's detached single-family market rose for the first time in six months on a year to year basis in March.

Supply of detached single-family homes on the market rose for the 13th consecutive month in March, climbing to 33.4% over the past year. There is presently 11.6 months supply which would indicate a buyers market. In Massachuestts, the market is equilibrium for buyers and sellers when there is 7.5 - 8 months of housing supply.

Statewide median selling price declined 1.7 percent over the past year.

Condo Sales:

1, 731 units sold in March set a new record for the month, topping the prior record of 1,691
condos sold a year ago in March 2005. However, inventory climbed to 11.9 months up from 8
months of supply in March 2005.

This is the 11th consecutive month of single digit annual appreciation in the condo market.



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