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MA SFH May 2011 vs. May 2010 - MAR: sales down 17%, nominal

 
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PostPosted: Tue Jun 28, 2011 2:59 pm GMT    Post subject: MA SFH May 2011 vs. May 2010 - MAR: sales down 17%, nominal Reply with quote

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Description: MA SFH May 2011 vs. May 2010 - MAR: sales down 17%, nominal median up 0.5%; Warren Group: sales down 25%, nominal median up 3.4%
URL: http://www.boston.com/news/local/massachusetts/articles/2011/06/28/mass_home_sal ...truncated...
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=3577

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PostPosted: Tue Jun 28, 2011 3:09 pm GMT    Post subject: Reply with quote

That is, of course, a decline in real terms. The MAR's median represents a decline of 2.63% when adjusted for inflation via the CPI-NU. And it bears repeating that the median is especially unreliable in months like this where the volume has changed so dramatically.

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PostPosted: Tue Jun 28, 2011 6:01 pm GMT    Post subject: Reply with quote

I think going forward, the problem of sales/quality listing is going to be more problematic than problem of price/valuation. With seller not forced to sell and buyer not chasing the market/have difficulty getting downpayment/mortgage, there will be less competition, but less quality listings to choose from.
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PostPosted: Tue Jun 28, 2011 6:08 pm GMT    Post subject: Reply with quote

Yes, I agree that is a plausible scenario for the near term.

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