Report: February Mass. Home Sales Worst In 24 Years

BOSTON (AP) — The brutal weather in February didn’t just fray nerves and make driving dangerous, it also sent sales of single-family homes in Massachusetts plummeting.

Two organizations that track the real estate market announced Tuesday that in addition to reduced sales, the median price went down in February compared to the year-ago month.

The Warren Group said sales were down nearly 16 percent compared with February 2010.

The 1,746 sales was the lowest for the month since the organization began tracking the market in 1987.

The median price fell to $255,000 from $270,000 the previous February.

The Massachusetts Association of Realtors reports a 12.5 percent decrease year-over-year sales, and a slight drop in the median price to $270,000 from nearly $272,000.

The two groups use slightly different numbers in their calculations.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

  • emom

    With the ever growing BAD ECONOMY , bad weather we had this winter, extremely HIGH prices of property and the fact that many, too many folks are out of work, had to take a much lower paying job, and are worried about loosing their job agian does it wonder why homes are not selling DUH< thing about it. with this economy it doesnt take much … I have tried to buy a home but after getting layed off I had to wait, and still waitng… home prices are still way to high compaired to the rest of the country. and here in mass, they are rediculous. not surprised they are not seeling at all.. look at the forclosures and the bank owned ones, to many …. lower the prices and then many be they would sell.

  • DStein

    Obama has failed to turn the economy around. Unemployment is still over 9%, gas prices have doubled since he took office, he’s buried us in $14 trillion of debt, and now he’s started a 3rd war that’s already cost us a half billion dollars and climbing.

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