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MA SFH Jul 2010 vs Jul 2009 - MAR: nominal median up 7.4%, v

 
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news



Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston

PostPosted: Tue Aug 24, 2010 1:41 pm GMT    Post subject: MA SFH Jul 2010 vs Jul 2009 - MAR: nominal median up 7.4%, v Reply with quote

Use this forum thread to discuss the following link.

Description: MA SFH Jul 2010 vs Jul 2009 - MAR: nominal median up 7.4%, volume down 28%; Warren Group: nominal median up 3%, volume down 26%
URL: http://news.bostonherald.com/business/real_estate/view/20100824mass_home_sales_p ...truncated...
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=3148

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Renting in Mass



Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011

PostPosted: Sun Aug 29, 2010 11:23 am GMT    Post subject: Reply with quote

Where can I find months supply for Mass? That's the number I'm most interested in.
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Joined: 14 Jul 2005
Posts: 1806
Location: Greater Boston

PostPosted: Mon Aug 30, 2010 1:59 am GMT    Post subject: Reply with quote

This site has a graph of Boston area inventory:

http://www.housingtracker.net/asking-prices/boston-massachusetts/

It's not listed in terms of months, but it's a start.

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Renting in Mass



Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011

PostPosted: Mon Aug 30, 2010 8:07 pm GMT    Post subject: Reply with quote

Found it.

Quote:
The inventory of single-family homes as of July 31, 2010 increased 10.0 percent from July 2009 (28,740 listings in 2009 to 31,685 listings in 2010) which translates into 9.9 months of supply in July 2010. This is up from 6.4 months of supply last year and up from 6.1 months in June 2010. This was the fifth straight month of inventory gains and the first double-digit increase since November 2006. There were also more homes for sale this past July than any month since October 2008.


Source

Combine that with this chart and it's clear which way prices are heading.

Short summary: when months of supply is over 6 months, prices go down (with the exception of distortions caused by the tax credits).
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Renting in Mass



Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011

PostPosted: Mon Aug 30, 2010 8:45 pm GMT    Post subject: Reply with quote

Found it.

Quote:
The inventory of single-family homes as of July 31, 2010 increased 10.0 percent from July 2009 (28,740 listings in 2009 to 31,685 listings in 2010) which translates into 9.9 months of supply in July 2010. This is up from 6.4 months of supply last year and up from 6.1 months in June 2010. This was the fifth straight month of inventory gains and the first double-digit increase since November 2006. There were also more homes for sale this past July than any month since October 2008.


Source

Combine that with this chart and it's clear which way prices are heading.

Short summary: when months of supply is over 6 months, prices go down (with the exception of distortions caused by the tax credits).
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