Friday, March 24, 2006

Massachusetts Sees Year Over Year Home Price Decline

Thanks to Northern New Jersey Real Estate Bubble for finding this gem:

From the Boston Herald: House prices still in slide: Realtors report drop in median

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"
More states and metropolitan areas will be joining Massachusetts, in having YoY (Year Over Year) median home price declines, in the coming months. Stay tuned.


  1. It looks like U.S. inventory exploded while homes sales in the west got body slammed. We just posted graphs for this. Check it out if you want:

  2. I'm waiting for a big headline in the Post as soon as the DC area hits YoY price decreases. Or will they bury the story? Will be interesting either way.

  3. I WON'T LET THEM BURY THE STORY! You better believe it.