The median price of a single-family home in Massachusetts dropped 9% in August, sinking to the lowest price for the month of August in 6 years, according to a new report from The Warren Group. The median sale price for single-family homes in August was $323,000, compared to $355,000 in August 2007. That figure is the lowest price for August since 2002, when the median sale price was $297,500.
The median home price year-to-date in 2008 is $318,000, down 9.1% from the same time period in 2007. And total sales year-to-date are down nearly 17% from 2007 levels.
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