Tuesday, July 26, 2005

Boston Condo Sales Strong

It is interesting to see that the recent strong housing sales statistics were driven mostly by condo sales. It would seem that condos would attract more investors than single family dwellings, and as a result, more speculation.

“Sales of single-family homes in Massachusetts were flat last month as the state's roaring condominium market sapped some of the strength out of the traditional housing market.

The Massachusetts Association of Realtors said yesterday that sales last month of single-family houses were just 0.5 percent higher than in June 2004, while condo sales -- now nearly one-third of the market -- posted a 19.1 percent gain. On the heels of declining single-family sales in April and May, an insignificant increase in June is further evidence that a once-hot market is cooling, analysts said.”



Anonymous Anonymous said...

What is needed is details of
just when those sales were made. Are they talking sales or closings or both. Hard to evaluate statistics when they aren't being defined.

Wednesday, July 27, 2005 12:40:00 PM  
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