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MA SFH sales Feb 2012 vs Feb 2011 - MAR: nominal prices down

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

PostPosted: Wed Mar 28, 2012 12:28 pm GMT    Post subject: MA SFH sales Feb 2012 vs Feb 2011 - MAR: nominal prices down Reply with quote

Use this forum thread to discuss the following link.

Description: MA SFH sales Feb 2012 vs Feb 2011 - MAR: nominal prices down 3.8%, volume up 26.8%
URL: http://www.marealtor.com/content/NewsTicker.htm?view=38&news_id=1781&news=31
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=3830

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Renting in Mass



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

PostPosted: Wed Mar 28, 2012 1:02 pm GMT    Post subject: Reply with quote

Quote:
Condominium median selling prices in February were down 2.8 percent from the February 2011 median price... On a month-to-month basis, the median selling price of a condominium was down 10.2 percent from a January 2012 median of $247,750.

That's a big number...

Oddly, the Warren group says condo prices were up 4.7 percent (I assume that's YOY).

It's funny how the Warren Group article says this:
Quote:
Meanwhile, the Massachusetts Association of Realtors also issued a monthly report on the local housing market Wednesday. The association uses a slightly different method to track sales than the Warren Group does. But the results of this month’s reports were roughly similar.

I wouldn't call down 2.8 versus up 4.7 "roughly similar."
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Joined: 14 Jul 2005
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PostPosted: Thu Mar 29, 2012 12:37 am GMT    Post subject: Reply with quote

That 10.2% decline is month over month and the 4.7% decline is year over year (presumably). That's probably where the difference is coming from. I do wish that they had included something a little more precise than "roughly similar" in the other article.

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