Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: nextrade! who wrote (10676)	5/15/2003 6:49:52 AM
From: nextrade!	Read Replies (1) \| Respond to of 306849

Home sales fall in Mass., but prices continue to rise By Associated Press, 5/15/2003 boston.com WALTHAM -- In what is becoming a familiar pattern, home sales in Massachusetts cooled in the first quarter of 2003 but prices continued to rise, increasing for the 39th consecutive quarter. Statewide sales of detached single-family homes fell 10.6 percent in the first three months of the year, while condominium sales were unchanged from a year ago, the Massachusetts Association of Realtors reported yesterday. But the average detached home price rose 15.7 percent to $358,334, and the price of a condominium rose 9.5 percent to $246,572. For homes, the biggest regional percentage leap was 34.9 percent in the Southeast, where prices rose to $266,131. Greater Boston remained the most expensive area, with an average price of $508,354. Condominium prices also rose the most in the Southeast, rising 46 percent to $133,363. Greater Boston was most expensive in that category, with an average price of $318,030. It was the third-busiest January-March period on record, MAR said. ''The first three months of this year were far quieter for business than last year, but the market has still been quite active by historic standards, especially given the fact consumers have been preoccupied with issues related to job security, family members going off to war, and digging out from storm after storm this past winter,'' president Peter Casey said. This story ran on page E4 of the Boston Globe on 5/15/2003.