According to The Warren Group, the median sale price for single-family homes in Holbrook was $236,900 in the first quarter of 2008 - a 22% decrease from the same time period last year. The median sale price in the first quarter of 2007 was $305,100.
Holbrook was one of several South Shore communities to see sale prices fall by 20% or more so far this year. Others included Abington (-21%), Whitman (-22%), Hull (-22%), Hanover (-23%), Bridgewater (-24%), and Scituate (-26%).
Among the 26 South Shore towns we track, the typical price drop for the first quarter of 2008 was approximately 10%. Hingham and Norwell were the only two that saw significant price increases from the prior year - up 18% and 14%, respectively.
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