Housing Prices On The Decline In Massachusetts

BOSTON (AP) – The Massachusetts housing market continued to struggle in April with sales and median prices both down from the same month last year, although the numbers were up when compared to March.

The Warren Group, a Boston-based publisher of real estate data, on Tuesday reported a 28 percent drop in sales of single family homes compared to April 2010 with a 4 percent drop in median sales price.

The Massachusetts Association of Realtors said there was a 20 percent drop in sales year over year, and a more than 8 percent decrease in the median price.

The organizations use slightly different numbers in their calculations.

Home sales were up from March as is typical in the spring market.

Both organizations reported an increase in the median price of condominiums year over year.

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


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