From the Banker & Tradesman
Single-family median home prices in Massachusetts fell 18.2 percent during the first quarter compared to the same period in 2008, marking the steepest percentage decline for any quarter since The Warren Group began tracking prices in 1987.
The median price for homes sold during the first three months of 2009 fell to $253,500 from $310,000 in the first quarter of 2008. The March median home price was $255,000, or 16.1 percent lower than the $304,000 median price recorded in March 2008. Monthly median home prices have been falling by double-digit percentages year-over-year since last September.
Median condominium prices in Massachusetts in the first quarter also posted the sharpest decline for any quarter since The…