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C.H. Naamad

Boston Luxury Residential

By C.H. Naamad | Broker in 02116

Home Prices Flatline In Massachusetts, While Slump Nationally

The Bay State’s housing market continued to flatline in August, posting a mixed bag of pricing data while the national market as a whole slid deeper into the red.

According to CoreLogic    ’s latest Home Price Index for the Boston and Massachusetts housing markets, essentially moved sideways in August. In the Boston-Quincy metro region, prices declined by 0.1 percent on a year-over-year basis. Excluding distressed sales, which include single-family homes at various points in the foreclosure process, the region reported a 1.6 percent pricing increase compared to August 2010.

The same trend was reported statewide, as the commonwealth’s entire single-family home market recorded a 1.1 percent pricing decline in the 12 months ended Aug. 31. However, it still managed to post a slight 0.9 percent gain when excluding distressed properties.

Nationally, home prices declined 0.4 percent in August on a month-over-month basis and were down 4.4 percent from August 2010, according to CoreLogic. Excluding distressed sales, pricing was off 0.7 percent for the 12-month period. 
Source: BusinessJournals.com 

C.H. Naamad 
Boston Luxury Residential
C: 617-407-9740
F: 617-934-1772

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