Single-family home sales dropped for the fourth consecutive month, according to data released today by the Massachusetts Association of Realtors (MAR) and The Warren Group.
Foreclosure petitions in the Bay State more than doubled between April 2013 and April 2014, marking the second consecutive month of increased filings, according to The Warren Group.
Single-family home sales in Massachusetts declined in April compared to last year, both The Warren Group and the Massachusetts Association of Realtors (MAR) reported Wednesday, but prices continued to increase and demand from buyers remained high.
The number of single-family homes sold dipped in March for the fourth time in five months as low inventory kept a lid on sales activity, The Warren Group of Boston reported Wednesday.
Foreclosure petitions, the first step in the home foreclosure process, dropped 48.7 percent for the month of February compared to a year earlier, The Warren Group reported.
Low housing inventory caused prices to climb as single-family home sales dropped in February, marking the third time sales declined in the last four months, The Warren Group reported.