Tuesday, October 23, 2007

Back with a full market wrap

It's been three months since my last post. Way too long, but family and work deadlines come first.

After relatively strong months in July and August, the housing market in Massachusetts abruptly slowed in September. The mismatch in market results reported by the MAR (here) and the Warren Group (here) continues. Below is a comparison on the year over year change in SFH prices reported by both organizations over the past 19 months:

According to the more complete Warren Group numbers, SFH prices are down 4.4% from last September, and a cumulative 13.1% since September 2005.

Looking more closely at the MAR numbers, sales for both SFHs and condos plummeted in September:
Condo sales in September were the weakest since 2002, while SFH sales were the weakest since 1992 according to the MAR press release (PDF).

MAR continues to report that median prices are holding up fairly well:

Note that while median condo prices remain above past year levels, median SFH prices reported by MAR are down 5.5% from 2005 levels, and are below 2004 levels.

The one tentative sign of improving market conditions over the past year has been the better balance between for sale inventories and monthly sales (i.e., Months Inventory). The plummeting sales in September returned this figure to 12.1 months, close to last year's level.


35 comments:

bostonbubble said...

Quote: Note that while median condo prices remain above past year levels, median SFH prices reported by MAR are down 5.5% from 2005 levels, and are below 2004 levels.

The SFH median price is below 2003 levels too, when adjusted for inflation. It may be below earlier years as well, but 2003 was the first year that the median was reported in the MAR reports that I looked at.

Unknown said...

Hey Everyone,

I just wanted to give everyone a real estate tip for the new year. There is a new international real estate website called UniFersal.com. You can advertise your properties/listings for sale or rent for Free. There are already properties posted from 45 countries. You can advertise your real estate realted services for free: agents, brokers, mortgage, insurance, painters, etc.

You can communicate with potential buyers and other real estate related people via chat, message, email, etc. You can even make and receive offers electronically.

http://www.unifersal.com

Andy Weitnauer

Unknown said...

DT - Your blog is fantastic...but I'm starving for an update. Late Ocotber had loads of interesting new info - have you synthesized any more recent data?

Paul said...

I have posted my inventory charts for Greater Vancouver if you follow that market. Inventory up 17%

http://paul-northvancouverhomes.blogspot.com/

Nice graphs!!

Unknown said...

Hai !
Even you have knowledge about the real estate business i am giving you one suggestion that there is one new international real estate website called UniFersal.So you can publish your properties to sale or rent for free.

==========

cadeburton
Massachusetts Drug Addiction

Mark Argentino said...

Hello,
I agree with your post and feel that you have some excellent financial and market information. Your comments about the current marketplace should be considered by most in the industry. You can read about the current real estate market and some of my predictions and information at http://www.mississauga4sale.com you will see that my site is also packed with relevant information that would help your readers as well.

Keep up the great writing!

I wish you all the best,
Mark

Traveling Costa Rica said...

Great blog, very informative


Costa Rica Real Estate

Gprofessionals said...

I would say that the real estate market was at good shape during the time when compared to present time. As the present global economic recession has struck it so hard that it will take few more months to get back to track.
Best Mutual Funds

lisa_d said...

Thanks for always updating a post. I'm a big fan of your blog.

Deirdre G
philippine real estate

Unknown said...

It was a great post and I like it. I was impressed and amazed of how you did this kind of wonderful piece. Thank you and keep posting.




real estate in Philippines

richard said...

Ayala Land Premier

Buy and Sell

Anonymous said...

..hi
..i want to thank you for writing this article because this informative...

Anonymous said...

..thanks again



*_* maica *_* Buy and Sell

melanie said...

Good this is a fantastic site great info about the real estate business... keep posting.
Melanie of web design

♥April Monique♥ said...

thank you for all the information. this will help..

-april


condo

Julie Soliman said...

I wonder how you got so good. This is really a fascinating blog, lots of stuff that I can get into. One thing I just want to say is that your Blog is so perfect! keep posting!

-julie
IPOD for sale

Pacquiao VS Marquez said...

That was interesting.I like your quality that you put into your post.Please do continue with more like this. Good Job!

-Erika
galaxy tab for sale

melanie said...

Great post, thank you for the efforts you have made in writing this article..Please Keep posting..

- Lance
PSP for sale

RH said...

Hi, I came across your site and wasn’t able to get an email address to contact you. Would you please consider adding a link to my website on your page. Please email me back.

Thanks!

Harry
harry.roger10@gmail.com

Julie Soliman said...

Thank you for sharing this wonderful article.. keep posting !

Julie Elaro Soliman

♥April Monique♥ said...

Thank you for this blog. That's all I can say. You most definitely have made this blog into something that's eye opening and important.


-April

cellphone

♥April Monique♥ said...

I must say that your post is very interesting!

-April

cellphone

-Bey said...

This Articles are so informative.. I'm very impressed.. I really enjoyed it! Keep posting...

- May of Santierra

jennilyn Ely said...

Hi there, Nice Blog You've got here
spreading information like this was important thank you for sharing!


Anvaya Cove

Jackie said...

Great post! This Article are very helpful for us, Thank you for this informative article. Its is almost perfect! Continue posting. GodBless!


- Jackie of Serendra

Melvin said...

Spectacular article, it has almost everything I needed to find. Thank you for putting the effort and time to write it. Please continue posting. Next time even more exciting stuff.

- Melvin Of Ayala Condo

Anonymous said...

Read a lot of blogs specially interesting ones like your blog, Good post!I accidently found your site on the internet, I am going to be coming back here yet again.Love Information Is Beautiful. Keep posting!

- Florence from Ayala Project

♥April Monique♥ said...

i agree with all the information mentioned in here, good job. More power.


April Monique of Nuvali

♥April Monique♥ said...
This comment has been removed by the author.
kristine said...

Nice post !!
thanks for sharing..
keep up the good work !!

- kristine of website design

Marx said...

I would like to tell you that you have given me much knowledge about it. Thanks for everything. Keep Blogging!

- Marx of web design

buy and sell said...

HI, you have shared so much information and I'd like to thank you for that i enjoyed reading your post.
buy and sell

Unknown said...

It have always enjoyed reading your articles...very thourough and inciteful. I'm just leaving the comment to appreciate your efforts in disseminating the knowledge. ...will keep following your posts as always.....
burun estetigi

Unknown said...

Many issues mention about cockfight in philipine, we are from ayam bangkok import dijual want to explain that. You can read our article. Thanks.

Video Teraveloka said...

Kesempurnaan yang selalu dicari didunia ini termasuk juga ketika bermain judi online 2019 maupun offline. Namun ketika kesempurnaan yang ingin didapatkan justru malah di salah artikan oleh orang orang tidak paham makna dari Poneros yaitu Kejahatan (Baca Selengkapnya...)