Home Sales Up

According to the Massachusetts Association of Realtors single family home sales were up 6.6 percent in October 2008 compared to the same time last year. This is the 2nd straight month of year over year increases in monthly home sales in 2008. Condo sales were only down 1.0 percent in October compared to the same time last year. Total inventory of residential properties that are active and on the market also decreased 13 percent when compared to last year.