Massachusetts home sales plummet

[0:25] ..." Well we find that the real estate market is still swapping its. And some little bit better than July and so -- that porous. The number of sales are down"...

[0:56] ..." We -- we look at the median price. Where's the median price in terms of historic and hit a historic terms."...

[1:03] ..." Well the median price right now is that 323000. That's the August median price. And we haven't seen median price that Lowe's and so August of 2002. If we just look at the -- the hobbyists in the -- of these years. So that's sixty years. That we have to go back defined. A price Wentworth and and what that really is saying is that we've given back call those nice gains we had in the early part of this decade. There were real estate prices were running up nicely -- we had. This is now the third year of decline in median prices and in the swamp"...

[1:45] ..." have said in their individual markets and we know -- like politics real estate is local local local. They have set in their local markets they have seen some recovery actually in selling prices. Is it"...

[2:12] ..." forceful county down on Cape Cod. A pretty dramatic decline in its median price was down almost 19%. Down to 325000. August of last year. So that's that's one example I think it also the other example is perhaps Worcester county weird but median price was down almost to -- 15% and in the -- so those those two areas where were hard hit on pricing. And"...

[3:21] ..." And back in the early 1990s. We have severe slump in in real estate. But the decline in the number tales is only three years back and so in by that measure it could we kept"...

[0:25]" Well we find that the real estate market is still swapping its. And some little bit better than July and so -- that porous. The number of sales are down fourteen point 6%. That missile that worse so we signed to line. And the August median prices. Down 9% which is somewhat better than we've gone to line which was down 12%. So it's a mixed message that market is still slow and and and we really don't see yet. Kind of a turnaround soon."

[0:56]" We -- we look at the median price. Where's the median price in terms of historic and hit a historic terms."

[1:03]" Well the median price right now is that 323000. That's the August median price. And we haven't seen median price that Lowe's and so August of 2002. If we just look at the -- the hobbyists in the -- of these years. So that's sixty years. That we have to go back defined. A price Wentworth and and what that really is saying is that we've given back call those nice gains we had in the early part of this decade. There were real estate prices were running up nicely -- we had. This is now the third year of decline in median prices and in the swamp and it's a ticket -- 2002 levels."

[1:43]" You know -- I've talked to some realtors who have said in their individual markets and we know -- like politics real estate is local local local. They have set in their local markets they have seen some recovery actually in selling prices. Is it true that we have seen some even sharper. Home price declines in some areas of the state that draws that statewide median amount."

[2:07]" yes I think that's true that in the in the month of August 2. -- forceful county down on Cape Cod. A pretty dramatic decline in its median price was down almost 19%. Down to 325000. August of last year. So that's that's one example I think it also the other example is perhaps Worcester county weird but median price was down almost to -- 15% and in the -- so those those two areas where were hard hit on pricing. And tended to to bring down -- the statewide averages."

[3:16]" Well let's put it this way we're now in the fourteen year of the decline in the number of sales. And back in the early 1990s. We have severe slump in in real estate. But the decline in the number tales is only three years back and so in by that measure it could we kept saying that that historically -- in the worst slump. Right now that we were back in the early eighties."