As detailed in the previous post, sales in MA in July were weak across the board. For comparison, here are the monthly sales figures (up to July) for the last 5 years:
The slowdown in SFH sales appears to be accelerating this summer.
Monthly condo sales were at record levels as recently as the 1st Q of 2006, but this summer sales have slowed rapidly, retreating to ~2003 levels in July.
Months inventory for the market as a whole continues to paint a picture of weakness, although the surge in inventory from 2005 levels has slowed. The bigger problem now is with slowing sales.