From the Boston Herald: House prices still in slide: Realtors report drop in medianMore states and metropolitan areas will be joining Massachusetts, in having YoY (Year Over Year) median home price declines, in the coming months. Stay tuned.
Bay State house prices are falling on an annualized basis for the first time in a decade as Massachusetts housing continues to cool - bucking a national uptrend.
The Massachusetts Association of Realtors reported yesterday that median house-sale prices dropped to $339,450 last month, down 0.2 percent from February 2005.
The decline marks the first time since June 1996 that prices have fallen for any 12-month period as a whole"
Friday, March 24, 2006
Massachusetts Sees Year Over Year Home Price Decline
Thanks to Northern New Jersey Real Estate Bubble for finding this gem:
Posted by David at 10:51 AM