Mass. home sales up to close out the year in December

Today, we released the December 2010 and Year-end housing numbers and we closed out the year with positive news as home sales went up in December.  This is the first time that year-over-year monthly sales went up since June, which was the final month to close on a home and qualify for the home buyer tax credit.  The other news is that December median prices went down and this is the first time this has happened in 13 months.

On an annual basis, 2010 finished up pretty close to 2009 in terms of sales – down less than two percent.  However, median prices did go up in 2010 compared to 2009.

Here is the link to the release and the podcast with MAR president Laurie Cadigan: December 2010/Year-end housing release

Highlights from the Release:

  • Single-family home sales were up 5.4% compared to last year. First increase since June.
  • Single-family median prices were down 6.2% for the first time in 13 months.
  • Condo sales were down less than half a percent at (-0.3%) compared to the same time last year.
  • The median price for a condo was down 0.6% compared to last year.

2010 Year-End Highlights:

  • 2010 single-family sales down 1.2% compared to 2009
  • Median prices up 4.3% in 2010.
  • Condominium 2010 sales down 0.7% compared to 2009
  • Median prices up 6.3% in 2010.

How was your year?  We want to know.