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 comment:

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