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Mass Realtors release July, 2006 sales data

From The Boston Business Journal:

Although most regions of the state saw single-family sales declines of 14 percent to 19 percent in the second quarter ending in June, Greater Boston’s decline was a relatively modest 4.6 percent, and the median price actually rose 0.6 percent. Condo sales in Greater Boston dropped 8 percent, and the median price declined 2.1 percent.

“Greater Boston” is undefined. It doesn’t include just the city of Boston - it includes Revere, Chelsea, and perhaps other cities, in the area.

Overall, Massachusetts saw a drop in sales, but only a slight drop in prices:

Single-family home sales in Massachusetts dropped nearly 11 percent in the second quarter compared to the same period last year, and condominium sales dropped nearly 9 percent, according to the Massachusetts Association of Realtors. Prices, however, slipped only 1.3 percent for single-family homes and stayed flat for condos.

Single-family homes stayed on the market an average of 120 days before selling, compared to 95 days in 2005. The selling time for condos jumped to 112 days from 81 days. The reason: A growth of inventory of single-family homes and condos, to 63,433 from 49,931 last year.

Oddly, this happened: