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news
Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston
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Renting in Mass
Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011
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 Posted: Wed Mar 28, 2012 1:02 pm GMT Post subject: |
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| 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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admin
Site Admin
Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
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| Posted: Thu Mar 29, 2012 12:37 am GMT Post subject: |
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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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