Earlier this week we reported that metro-Boston's housing prices are close to holding their value, especially compared to the rest of the country. Now there's even more good news. The U.S. Commerce Department just released figures for sales of new one family homes in January 2009. Nationwide, the figures were abysmal as expected. The total number of homes sold in the U.S. dropped from 344,000 in December 2008 to 309,000 in January 2009, an overall drop of 10.2 percent.
The New England region was a single bright spot in this sea of gray. The total number of homes sold in New England increased from 24,000 in December 2008 to 27,000 in January 2009 , an increase of 12.5 percent.
Unfortunately, the Commerce Department information doesn’t specifically list the Boston metro area, only New England as a whole.
However, it is encouraging to see that housing sales in New England are stronger than the rest of the nation. This corresponds to what we’ve been hearing anecdotally from local real estate agents.
Just recently one local real estate agent told me that she has sold one home a week so far this year. All of this is encouraging news for New England.
Friday, February 27, 2009
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