The Massachusetts Association of Realtors reported that September condominium sales rose by 8.87 percent from 2010, with 1,277 units sold compared to 1,173 last year. This indicates a strong year-over-year performance, although it is common to see a typical seasonal decline from August to September.
Although there was an increase in sales year-over-year, month-over-month statistics show a significant decline of 23.26 percent in condominium sales from August's 1,664 units, reflecting typical seasonal trends.
Median selling prices for condominiums in September saw an increase of 5.43 percent from the previous year, rising from $258,000 in September 2010 to $272,000 in 2011, showing resilience in pricing despite month-to-month fluctuations.
Despite the yearly increase in sales and median prices, the September data indicated a 5.23 percent decrease in median selling price from August's $287,000, further highlighting the volatility often seen in real estate markets.
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