WALTHAM, Mass. – August 24, 2010 – The Massachusetts Association of REALTORS® (MAR) reported today that the monthly number of single-family home sales in July decreased for the first time in 12 months.  Despite the double-digit decrease, median sales prices went up for the ninth straight month compared to the year before.

“It is obvious at this point that the momentum from the tax credit has not been sustained through the middle of the summer,” said 2010 MAR President Kevin Sears, broker/co-owner of Sears Real Estate in Springfield.  “While the market conditions still favor the buyer – with historically low interest rates, increasing inventory and more affordable pricing- we may have to wait until the natural supply of buyers builds back up.” Read more (The Massachusetts Association of REALTORS)