Today we issued our March 2011 housing data and both single-family and condo sales were down compared to the same time last year. Single-family median prices continue to be more affordable as they went down for the fourth straight month. Condo median prices also were down. February-to-March numbers experienced their typical big jumps. As will be the case for the first six months of the year, March 2011 is being compared to March 2010, a month in which the extended and expanded home buyer tax credit was still available.
Click the link to see the March 2011 Housing Release and listen to the monthly podcast with MAR President Laurie Cadigan.
Highlights from the release:
- Single-family home sales were down 22.4% compared to last year.
- Single-family median prices were down 2.3%
- Condo sales were down 23.5% compared to the same time last year.
- The median price for a condo was down 8.4% compared to last year.