Mass. Home Sales Down Five Percent

BOSTON (AP) — A drop in sales of single-family homes in Massachusetts in February when compared with the same month last year was due to low inventory, according to two organizations that track the market.

Mass. Housing Market Down About 5 Percent

The Massachusetts Association of Realtors and The Warren Group both reported Tuesday that home sales were down 5 percent last month when compared with February 2012.

It was the first time in more than a year of year-over-year declines.

Realtors President Kimberly Allard-Moccia says there are “plenty of motivated buyers, but not enough homes for sale to meet the need.”

Warren Group President Timothy Warren Jr. added that comparisions are being made with a strong previous year.

The median selling price was up about 9 percent according to the Realtors, and about 12 percent according to The Warren Group.

Copyright 2013 The Associated Press.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Download Our App
Download Weather App

Listen Live