April Massachusetts home sales up from March, but down from last year

Today we issued our April 2011 housing data and sales of both single-family homes and condos were down compared to the same time last year. While single-family median prices continue to be down compared to the year before, year-over-year condo prices were actually up. Both sales and median prices were up from March.  As will be the case for the next two months, April 2011 is being compared to April 2010, the last month for buyers to sign a purchase & sale agreement to take the extended and expanded home buyer tax credit.

Click the link to see the April 2011 Housing Release and listen to the monthly podcast with MAR President Laurie Cadigan.

Highlights from the release:

  • Single-family home sales were down 20% compared to last year.
  • Single-family median prices were down 8.5%
  • Condo sales were down 26.1% compared to the same time last year.
  • The median price for a condo was up 6.7% compared to last year.

Note on March Data:
While compiling the April 2011 Massachusetts housing data, we discovered that the number of home sales in March 2011 was under-reported. The error was due to a problem in the data upload from one of the state’s three multiple listing services. We corrected the data and below are the changes:

March Single-family Sales: 2,496 (originally reported: 2,242)
March Condo Sales: Sales: 1,033 (originally reported: 991)