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

[midnight armadillo]

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."


More at link: http://www.boston.com/news/local/massachusetts/articles/2006/08/22/july_single_family_home_sales_drop_at_sharpest_rate_in_11_years/

[Phoebe Loosinhouse]

1. If it were me, I'd be pressing that button.

But then, that's just me. The sharpest rate in 11 years is just a blip on the trend line. Yeah, right.

[midnight armadillo]

2. morning bump

.