Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

December 30, 2005

Nov Stats

by @ 8:51 am. Filed under Statistics

Yesterday the Massachusetts Association of Realtors reported that sales of single-family homes in Massachusetts declined by 9.2%. In November of 2005 3,713 single-family homes sold as compared to 4,089 in November 2004. This decrease marks the second consecutive monthly decline. Prices continue to increase despite the decline in sales. The median price for a home in Massachusetts rose to $354,000 from $348,000. This is 1.7% higher than October and 2.3% higher than last November. In contrast Condo sales rose slightly in November but the median price slipped to $265,000. In 2004 single-family home sales broke all existing records, but 2005 saw homeowners put far more properties on the market. According to experts a slow job market, rising mortgage rates and high prices are the major factors affecting the Massachusetts’ market.

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