Home Sales Take Major Plunge In Mass. In April

By Anthony Silva, WBZ NewsRadio 1030

BOSTON (CBS) — New figures show there has been no pop in home sales this spring.

The Warren Group, publisher of Banker and Tradesman, says single family home sales in Massachusetts fell 28 percent in April, compared to the same month last year.

It’s the third consecutive month that sales have fallen.

Median prices have also fallen. Tim Warren at the Warren Group expects that trend to continue a few more months, until sales volume picks up.

WBZ NewsRadio 1030’s Anthony Silva reports.

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  • emom

    Are we truly surprised by this. Homes are EXTREMELY OVERPRICED, there is no need for a home to be as over priced as they are… Take a 6 room ranch, 3 bedrooms, 1 ½ baths, living room, kitchen ,dining room, full basement, attic, 3 car driveway. Back yard and a front yard. All this in a 1 acre lot and 1500 sqf. home (this is an example)… in one town the cost is $250k.. But take 8 surrounding towns and the price of that same home and lot size varies drastically. One town can sell it for $175k and another at $325k.. SO explain the logic in the price variations. There is no special hardware in the homes, no special windows, doors are all the same, the landscape much the same. Fenced in back yard none in the front. Yet the prices are all over the place. And If you go ½ a mile from the house in anyone of these towns where these house are, Prices can either go so much higher or down extremely low for a home of a much different size…The home that was $250k 6 rooms. Well a home that is 5 rooms, sizes much smaller 1 bathroom and a much smaller yard.. In the same town ½ mile away ,, you would think it should be a lot less.. OH NO ITS NOT,,,, the home goes for $265k WHY ,,,, WHY IS IT SO MUCH HIGHER FOR SO MUCH LESS. This does not make much sense, its smaller in every way inside and out and yet cost a bit more… same nice area no differences yet it cost more… Seems homes are price gouged, they are priced at such ridicules amounts.. Why does it have to be this way…. Maybe if realtor’s start to realize that these costs are over the top then they would sell faster.. If they sell a home for less then they will sell many more in the same way , making much more in commissions .. Rather than selling a few homes at the larger prices and worrying about the sale of the next home.. Maybe regulations on how much a home TRULY costs should be implemented..

  • Denise

    There are still affordable houses out there – but they need work! I have a friend who’s helping her Aunt put her house up for sale – it’s in Leominster and will be priced at $95,000 when it gets listed w/ the realtor. Granted it will probably need to be tied into the city sewer (and if it was me I’ld expand out and put a full 2nd floor on it) but for a starter home for a single person or a young couple… it’s very affordable even w/ the repairs needed. Nice location too! However, people want something for nothing these days… so they want all the “new stuff” for the old used prices. I prefer the diamond in the rough and then make it my own!

  • emom

    To be honest with you a starter home that needs repairs is no starter home.. to many YOUNG couples do not have enough know how to do the renovations.. They would need to have a contractor to do it then the cost of this SO called starter home is way above what you could afford. I looked at a few and well the cost out weighed the cost of affordability…. Its it’s only paint, wallpaper, a door or two, some gutters and maybe some flooring its doable…. But if its Ripping out stuff and remodeling and rearranging and adding that’s no starter home that’s a full fledged renovation which is never cheap.. Especially as soon as you start to rip out anything there is always more that will have to be done…… HOMES ARE WAY OVER PRICED FOR THEIR AREAS AND NEIGHBORHOODS…..

  • Ving

    One or two to remmeebr, that is.

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