Massachusetts home sales down substantially
Home sales in November tumbled by 11.9% compared to last November, and sales over the first 11 months of 2019 are down 2.3% compared to the same period last year, The Warren Group reported Thursday.
"It's not uncommon for single-family home sales to take a dip towards the end of the year, but a near 12% decline is unprecedented," said Tim Warren, CEO of The Warren Group.
"The last time November Massachusetts single-family home sales declined by a larger percent was nine years ago in November 2010, when sales plummeted almost 30%."
The median home sale price last month was $390,000, a record high for November, and the median home sale price of $400,000 year to date is up 3.9%.
Year-to-date, there have been 22,426 condo sales in Massachusetts — a 1.5% decrease — with a median sale price of $380,000, a 4.1% increase from the first 11 months of 2018.