Lowell Deeds

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

February 11, 2008

MA Home Sales & Prices Down

by @ 7:48 am. Filed under Statistics

2007 might have been a good year for the New England Patriots, but it was a bad year for the Massachusetts real estate market. 2007 ended with approximately 5,000 few sales than in 2006. This represents an 8.4% decrease…2007-50,435 sales; 2006-55,054 sales. These figures appeared in yesterday’s Boston Globe and were compiled by The Warren Group. December 2007 was the year’s worst month posting a 23.3% decline in sales. Median home prices also fell sharply in 2007, from $325,000 in 06 to $310,000 in 07. “The large drop in sales and median prices in December signal more woes ahead, and it remains to be seen when Massachusetts will pull out of this slump,” (Boston Globe) said Tim Warren of the Warren Group. At the Middlesex North Registry of Deeds our numbers indicate it might be awhile before things get better…In January 2007 we recorded 5,539 documents and January 2008 4,297…that’s a 28% decrease.

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