![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBKukLB-rZuBFUKiB34DoYj0JyOgDX-V8A36HvyD2F5j0oC6V9RExPwed2bJPs99Db8TW4qS6raD617Oide53Il_MAd5y0WxfyJIkwrtXyIBM_g5jQUmUAfUZHRBVTMarho42m6Q/s400/collapsed.jpg)
Further, the single family median home value declined a whopping 9.0% on a year-over-year basis to $325,000 while condo median prices increased a slight 0.4% to $292,450.
It’s also important to note that the August single family home sales count was the lowest August count on record since 1994 and at 4028 units sold was 26.69% below the record August peak set in August 2001.
The following charts (click for larger) show the decline in single family home sales since 2005.
Notice that August 2008 registered a home sales count well below even the 2007 level as well as indicating that the September’s results will likely be below 3000 units, a significant decline.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLHKoDwO-M7-OPmr3TAQInTlvsHSnKFUri6kobdJAnOMWZ_33edpmHbfjbfx5Ut0yUADC1GIrlzn0R9kbIGITJIDnbNsu1DbIrmYV06RSrOboyV4632_tnq6beJ_9oe6hqk9hkew/s400/ma0808index.jpg)
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