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MARealtors: Feb 2019 PENDING condo prices drop 3% YOY

 
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RealEstateCafe



Joined: 11 Dec 2007
Posts: 226
Location: Cambridge, MA

PostPosted: Thu Mar 14, 2019 8:50 pm GMT    Post subject: MARealtors: Feb 2019 PENDING condo prices drop 3% YOY Reply with quote

Realtor spin or something more serious here?
http://bit.ly/MAPendingFeb2019

Quote:
The median price for single-family homes put under agreement saw a seven percent increase to $375,950, while condominiums had a three percent decrease to $349,000 compared to February 2018.

“This is only one month, and we’d need to see more to be certain, but an increase in affordable condominiums coming on the market and selling, could be the reason prices are ticking down.” said 2019 MAR President

...our members who responded have enough questions around politics in Washington D.C., fluctuating interest rates, and the ongoing inventory issues that their confidence in the market isn’t where it once was.”


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