November home sales hit 13-year low in MA

Home sales dropped 12.6 percent in November compared to a year ago as the residential real estate market continued a sluggish autumn stretch.

The Massachusetts Associated of Realtors yesterday reported that 2,986 single-family homes were sold last month, compared to 3,416 sold in November 2006. It was the slowest November since 1994, when 2,847 home sales were recorded.

The statewide median home price held steady at $330,000 compared to October but was down nearly 3 percent compared to a year ago, the Waltham-based trade group said yesterday.

You can read the details online at the Milford Daily News