Posted by: RAPV | January 31, 2012

2011 Condo sales down 6.6%, median slips 2% to $147,000

NOTE: The January 30 post contained an error.  The Franklin County median price did not fall, it rose 4.2%.  The correction is reflected in the report (Condo Sales link) below. 

Pioneer Valley – Condo sales slipped 6.6%, from 633 sold in 2010 to 591 in 2011.  The median price was $147,000, down 2% from $150,000 one year earlier.  For a breakdown by county (with inventory, supply, days on market, and listings under agreement) read… 2011 CONDO SALES

Statewide – MAR reports condo sales dropped 6.0% in 2011, from 15,954 to 14,997 units.  The condo market saw median prices increase 0.8%, from $265,000 to $267.000. 

Comments from MAR President – 2012 MAR Pres Trisha McCarthy, broker at Keller Williams Realty in Newburyport said, “2012 will be the first year in many that we won’t be comparing sales to a year in which the home buyer tax credit was a factor and it will be interesting to see what type of growth will result from improving unemploymemt rates and the favorable buying conditions.”

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