November single-family home sales plumetted 29.8 percent from the same month last year. Sales also dropped from October, when there were 2,991 sales. Year-over-year home sales decreased in every county expect Nantucket County, where sales climbed almost 12 percent in November.
Sales last month were higher than November 2008, when only 2,611 single-family homes were sold.
Residential real estate sales in Massachusetts and all over the nation were boosted in the first half of this year by the second homebuyer tax credit, which expired in June. Now, for the first time this year, year-to-date sales decreased as of November. So far this year, 37,718 homes have sold in the Bay State, a 1.3 percent decrease from 38,233 during the same period a year ago. That means Massachusetts is likely to end the year as a whole with fewer sales than in 2009.
median price of single-family homes rose 7.3 percent to $294,000 in
November, up from $274,000 a year earlier. The median price for homes
sold January through November was $297,500, up almost 4.6 percent from
$284,500 during the same period in 2009.
Condominium sales in Massachusetts also declined in November, falling 37.3 percent from a year earlier. A total of 1,154 condos sold last month, down from 1,840 in November 2009. This is the fewest number of condo sales since February. Sales also dipped from October, when 1,182 sales were recorded. Year-to-date condo sales also posted a decrease, dropping 3.7 percent to 16,496 from 17,133 a year earlier.
The median condo price in November jumped almost 7.5 percent. The median selling price was $263,250, up from $244,900 a year earlier. The year-to-date median price of condos in the Bay State is $265,000, up almost 5 percent from $252,500 a year ago.