The Massachusetts Association of Realtors® has released July 2007 sales figures for Massachusetts with comparisons to July of 2006.
Despite the national media's reports of panic in the housing market, Massachusetts has experienced very little change over the same month last year. In fact, there has been some rather good news!
Single family home sales were UP 6.0%, with an increase in the median selling price of 1.3%. Not so bad! Condominium sales basically remained unchanged (-0.1%) and the median selling price increased 6.3%!
Despite the forecast of gloom and doom, interest rates are still at historical lows and sales are in most cases steady, if not increasing. Sounds like a good time to buy or sell!
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