AP: (Mass) July single-family home sales drop at sharpest rate in 11 years

[Eugene]

July single-family home sales drop at sharpest rate in 11 years

August 22, 2006

BOSTON --Sales of single-family homes in Massachusetts declined in July
at the sharpest rate for a single month since 1995, and condominium sales
dropped off at the fastest pace since 2003, according to a report released
Tuesday by a firm that tracks real estate transactions.

Single-family home sales dropped nearly 27 percent and condo sales fell
23.5 percent, offering fresh evidence that the state's housing slump isn't
about to end soon. But The Warren Group urged not to read too much into
numbers from a single month.

"Monthly fluctuations can happen," said Timothy Warren Jr., CEO of the
Boston-based publisher of regional real estate and financial data. "We're not
pressing the panic button yet, but we are watching the trend lines very
closely."

-snip-

Single-family home sales have now declined for seven straight months measured
against comparable months a year earlier, and for 17 of the last 18 months dating
to February 2005. Condo unit sales have fallen each month since April.

Full article: http://www.boston.com/news/local/massachusetts/articles/2006/08/22/july_single_family_home_sales_drop_at_sharpest_rate_in_11_years

[redqueen]

1. Crap!

Long, slow leak, dammit!

Please! For the luvva God!

*tense*