BOSTON – For the 16th consecutive month, single-family home prices in Massachusetts fell in August compared with the same month a year ago, while sales volume resumed its retreat, erasing July’s gains, according to a report last week by The Warren Group. Condo sales and prices also declined in August, the company said.
Statewide, 5,528 single-family houses were sold, a 1.5-percent decline from the 5,614 sales in August 2006. In July, sales had risen 1.5 percent compared with the same month of 2006.
Year-to-date sales through the end of August totaled 36,043, or 4.7 percent less than in the first eight months of last year.
The median price of single-family homes sold in the Bay State fell 4.9 percent in August to $314,000. It was the seventh time this year that prices fell between 4.5 and 5.0 percent, the report said the exception was March, when prices dropped 1.6 percent.
