Massachusetts housing prices drop for first time in 13 years

By Melissa Trujillo , Associated Press
Eagle-Tribune

January 23, 2007 12:02 pm

BOSTON - Massachusetts' housing market had its worst year in more than a decade, with sales and the median price for single-family homes dropping to levels not seen since the mid-1990s, a firm that tracks real estate transactions said yesterday.

The median price - the point where half of homes sell for more and half sell for less - dropped 5.8 percent, from $345,000 in 2005 to $325,000 last year, according to a report released by The Warren Group, a Boston-based publisher of regional real estate data and other financial information. That price had grown 12 straight years, beginning in 1994.Read this article in full with a
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