Massachusetts: Home sales down about 5 percent since last February

(AP) — A drop in sales of single-family homes in Massachusetts in February when compared with the same month last year was due to low inventory, according to two organizations that track the market.

The Massachusetts Association of Realtors and The Warren Group both reported Tuesday that home sales were down 5 percent last month when compared with February 2012.

It was the first time in more than a year of year-over-year declines.

Realtors President Kimberly Allard-Moccia says there are “plenty of motivated buyers, but not enough homes for sale to meet the need.”

Warren Group President Timothy Warren Jr. added that comparisions are being made with a strong previous year.

The median selling price was up about 9 percent according to the Realtors, and about 12 percent according to The Warren Group.

Reach Thousands of Potential Customers on The South Shore and Beyond! Call WATD Today for More Info on Radio and Internet Advertising: (781) 837-1166

watd signal 2017 small


About WATD Web Editor

WATD online and on air contributors include, but are not limited to: The Associated Press, Precision Weather Forecasting, local news stringers and reporters, in-house news and internet media staff, State House and town hall reporters, freelance reporters, special feature reporters and producers, and on air radio hosts and personnel.