The median price of single-family homes in Massachusetts fell 12.3 percent in July, marking the sharpest decline in monthly home prices since The Warren Group began tracking the housing market in 1987.

Foreclosures more than doubled in Massachusetts during the first half of 2008 compared to the same period last year, according to a new report by The Warren Group, publisher of Banker & Tradesman.

Staggering price and sales declines in Fairfield and Litchfield counties fueled Connecticut’s housing market woes in May, as sales continued to drop and the price of single-family homes declined by percentages not seen since the early-1990s housing slump, according to The Warren Group, publisher of The Commercial Record.

The median price of single-family homes fell even further in April, with the month recording the steepest decline since The Warren Group began recording prices in 1987. Sales continued to fall in April, but less dramatically than in recent months, according to a report released today by The Warren Group, publisher of Banker & Tradesman.

Sales of both single-family homes and condominiums in Rhode Island fell by double-digit percentages in March for the eighth month in a row. Quarterly sales were also down significantly, according to The Warren Group, which tracks real estate data across New England.

The number of foreclosure deeds more than doubled in March when compared to the same month the year before, hitting the highest mark since 2005, according to The Warren Group, publisher of Banker & Tradesman.

Connecticut’s housing market is no longer immune to the plummeting sales and prices that have gripped the rest of New England for many months. After almost a year of increasing prices while many other states were experiencing declines, the Nutmeg State is now showing a trend of declines, according to The Warren Group, publisher of The Commercial Record.

The Massachusetts median price of single-family homes in February experienced its biggest monthly decline since December 1990. The median price of condominiums followed suit with the largest fall since May 1993, according to a report released today by The Warren Group, publisher of Banker & Tradesman.

The January median price of single-family homes in Rhode Island fell by the largest monthly percentage since The Warren Group began tracking the state’s housing market in 1989. Condominium sales and prices also recorded fell in January, according to The Warren Group, which tracks real estate data across New England.

Nearly 800 foreclosures were recorded in January, the highest number of BayState homes lost during a single month since August 2007. Petitions to foreclose – the first step in the foreclosure process – increased in December, signaling that Massachusetts’ problems with foreclosures are far from over, according to The Warren Group, publisher of Banker & Tradesman.

Home sales in 2007 fell for 10 consecutive months from March to December and ended at their lowest level since before 2005, when The Warren Group began tracking real estate data in the state. Home prices also fell considerably in 2007, according to The Warren Group, which tracks real estate data across New England.

Foreclosure deeds in Massachusettsmore than doubled in 2007 when compared to 2006, and were up seven times the number of foreclosures in 2005, according to The Warren Group, publisher of Banker & Tradesman.

Single-family home sales in Connecticut continued their steady drop in October, reaching the lowest number of sales during that month since 1993.

More petitions to foreclose were filed in Massachusetts during the first three quarters of 2007 than were filed during the entire year of 2006, according to The Warren Group, publisher of Banker & Tradesman.

More petitions to foreclose were filed in Massachusetts during the first three quarters of 2007 than were filed during the entire year of 2006, according to The Warren Group, publisher of Banker & Tradesman.

Petitions to foreclose in Massachusetts hit a record high in August, the last month of data available from the state Land Court, where the petitions are filed. Foreclosure deeds fell in September, and auction announcements stayed steady, but the sharp rise in petitions – the first step in the foreclosure process – indicate the state’s problems with rising foreclosures are not finished, according to The Warren Group, publisher of Banker & Tradesman.

11/05/2007 - Connecticut Home Sales in September See Biggest Decline in a Year; Prices Fall for First Time Since March, According to The Warren Group. State Following Same Trend as Massachusetts and Rhode Island.

10/22/2007 - Massachusetts Home Sales Down 19 Percent in September;  Third Quarter Prices and Sales Also Drop, According to The Warren Group. Q3 Declines Not as Dramatic as Q2 Price and Sales Decreases.

09/25/2007 - Home Sales and Prices Down in August; Prices Drop Consistently in Nearly Every Month of 2007, According to The Warren Group. Price Decreases Between 4.5 and 5 Percent Becoming the Norm for 2007.

09/12/2007 - Connecticut Home Sales and Prices Rise in July; Condo Prices Also Up, According to The Warren Group. Year-To-Date Single-Family Home Sales Still Down.

08/29/2007 - Massachusetts Petitions to Foreclose Continue Rising in July; Auction Announcements More Than Double, According to The Warren Group. Year-to-Date Auction Announcements Up 165 Percent.

08/15/2007 - Connecticut Home Sales Fall in First Half of Year; Price Still on the Rise, According to The Warren Group. Prices Rise in Almost Every County; Fairfield Still Leads Pack With 4.8 Percent Increase.

08/02/2007 - Massachusetts Foreclosure Auction Announcements Rise Again in June, Announcements Up 170 Percent After First Two Quarters,According to The Warren Group. June Petitions to Foreclose Reach Highest Point of Year.

07/17/2007 - Connecticut Housing Prices Rise in May; Sales Still Faltering, According to The Warren Group. Healthy Price Increases in Fairfield County Help Boost State’s Statistics.

06/26/2007 - May Brings No Relief to Massachusetts Housing Market; Sales and Prices Continue to Fall, According to The Warren Group. Single-Family Home Sales Decline 9.1 Percent in May.

06/05/2007 - Connecticut Median Home Price Doesn’t Budge, Sales Down Slightly, According to The Warren Group. Condo Prices Slightly Healthier, but Sales Also Fall.

05/15/2007 - Massachusetts Foreclosure Auction Announcements Rise 355 Percent in April to Reach Highest Level in Years, According to The Warren Group. Petitions to Foreclose Also Increase Significantly.

05/01/2007 - First Quarter is a Bumpy Ride for Rhode Island Housing Market as Sales and Prices Fall, According to The Warren Group. Sales Rise in January and February, but Drop 17 Percent in March.

04/23/2007 - Massachusetts Home Sales and Prices Continue to Inch Downward During First Quarter; According to The Warren Group, Declines are Less Dramatic Than in Previous Quarters.

04/03/2007 - Sales Rise Steadily in Rhode Island; Prices Continue Declining in February, According to The Warren Group. Condo Sales Drop After Steady January; Prices Continue to Fall.

03/14/2007 - Massachusetts Petitions to Foreclose Nearly Double in February; Auction Announcements up Almost 200 Percent. Foreclosures Accelerate During First Two Months of 2007 Compared with Year-Before Numbers.

03/06/2007 - Rhode Island Home Sales Rise in January; Prices Still Inching Downward, The Warren Group Reports. Condo Sales Remain Steady Compared to Previous January, but Prices Drop 2.2 Percent.

02/20/2007 - Connecticut Single-Family Home Sales Fall to Lowest Level Since 1996; Median Price Rises Less Than 1 Percent in 2006, According to The Warren Group. Sales fall 14 percent from prior year; Fairfield County sees biggest dip.   

01/29/2007 - Petitions to Foreclose in Massachusetts Increase 70 Percent in 2006, 46 Percent More Distressed Properties Went to Auction than in 2005, The Warren Group Reports.

01/17/2007 - Rhode Island November Housing Sales Performance Mixed, The Warren Group Reports. 

12/26/2006 - Sales drop by double-digit percentages; median sale prices fall as single-family home sales post lowest November figure since 1992. 

12/11/2006 - Condo prices fall 12.2 percent; single-family home sale prices drop 4.2 percent as unit sales fall by more than 10 percent.

11/28/2006 - Median Single-Family Home Sale Price Drops 6.9 percent; Condo Sales Fall More Sharply Than Home Sales for Second Straight Month.

10/23/2006 - Decline Steepest in Two Decades, The Warren Group Reports. Quarterly condominium sales drop by biggest percentage since 1991, according to publisher of Banker & Tradesman.

09/25/2006 - Statewide market slowdown continues as year-to-year median home sale price drops 8 percent; 5 percent drop in median condo sale price is biggest since 1995.

09/08/2006 - Home sales fall from year-before periods for 11 straight months; Fairfield County home sales dip 30.2 percent in July.

08/07/2006 - Price increases modulate in three-month period ending June 30; Fairfield County suffers biggest sales declines; New Haven County leads state with 9.1 percent increase in median sale price for single-family homes.

06/26/2006 - After double-digit drop-offs in April, single-family sales fall 5.1 percent, condo sales by 7.8 percent; median condo prices still holding up.

05/23/2006 - Single-family home sales slump 16.5 percent, condo sales drop 15.3 percent in April.

05/01/2006 - The Warren Group's first-quarter numbers reveal bright spots despite sluggish period for state housing sector.

03/06/2006 - New London and Tolland counties show housing percentage shortage as median prices climb.

01/10/2007 - Outlook uncertain as sales of condos, single-family homes drop by double-digit percentages over year-before period.

Nov. 17, 2005  - Fewer than two dozen cases filed per week since Oct. 17; precipitous drop from 537 cases filed weekly through mid-October

September 25, 2003 - New Applications Streamline Property Research and Provide Market Value Data

August 18, 2003 - Local Businesses Can Target Promotions to New and Current Homeowners