Wednesday, June 27, 2007
Feeling the pinch in Boston, are we next?
Single-family home sales drop by up to 9% in May, cap disappointing spring By Robert Gavin, Globe Staff | June 27, 2007 Maybe next spring. With the key selling season for the real estate market nearing an end, the hoped-for rebound in Massachusetts home sales hasn't materialized. Sales of single-family homes fell by as much as 9 percent in May from a year ago, accelerating from modest declines in April, according to data released yesterday. "There were a lot of high hopes pinned on this spring season," said Terry Egan, editor in chief of publications at real estate data publisher Warren Group, "but these numbers tell us the longed-for recovery isn't here yet."