Springfield Republican: “Nearly 20 percent drop in home sales reported across Massachusetts”

The July 28 Republican reported:

Nearly 20 percent drop in home sales reported across Massachusetts

Single family home sales across the state fell 19 percent in the first half of the year compared with January through June in 2007, according to figures released today by The Warren Group.

The median price also fell during 9.2 percent during the same time period to $315,000, the lowest price for the first two quarters since 2003.

…The median price in Hampshire County was down 13 percent to $240,000…

AP reported on national home prices on July 29:

S&P: Home prices drop by record 15.8 pct. in May

Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide.

The Standard & Poor’s/Case-Shiller 20-city index dropped by 15.8 percent in May compared with a year ago, a record decline since its inception in 2000. The 10-city index plunged 16.9 percent, its biggest decline in its 21-year history…

See also:

CNNMoney: “Foreclosure filings up 120%” (7/25/08)

Bloomberg: “U.S. Foreclosures Double as House Prices Decline” (7/25/08)

CNNMoney: “Home sales at 10 year low” (7/24/08)

Springfield Republican: “Foreclosures soar in Pioneer Valley” (7/24/08)