Boston Massacre: Real Estate Prices Now at 2004 Levels

December 4th, 2006

Remember what I wrote about downward momentum increasing…

Via: Boston Herald:

Boston house prices plunged last month at their fastest pace in more than 13 years, erasing all gains recorded since early 2004, new figures show.

Market tracker The Warren Group reported yesterday that median house-sale prices in Suffolk County, which mostly consists of Boston, fell to $325,950 – a stunning 13.31 percent decline from October 2005.

That drops prices back to May 2004 levels. It’s also the sharpest 12-month pullback since 1993.

“The October numbers continue a trend we’ve been seeing for some time now – a pronounced slowdown that’s affecting every facet of the housing market,” Warren Group CEO Tim Warren said.

Research Credit: Housing Panic

Posted in Economy | Top Of Page

2 Responses to “Boston Massacre: Real Estate Prices Now at 2004 Levels”

  1. Mark says:
    December 4, 2006 at 5:02 am

    Hey Kevin this comment isn’t about this article, but check this out:

    http://www.opednews.com/articles/opedne_dean_pow_061201_xray_naked_pics_for_.htm

    What do you think of that??

  2. Kevin says:
    December 4, 2006 at 10:09 pm

    I think that I’m glad that I’m nowhere near the U.S.

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