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Housing Market

Low inventory across the Commonwealth is depressing sales volume - and would-be buyers. "Single-family home sales dropped 3.6 percent to 3,100 in March, down from 3,215 in March 2012. This is the second consecutive monthly decrease in Bay State home sales. Still, March home sales were the highest in any month so far this year. Home sales in the first quarter are also down 2.1 percent to 7,849 from 8,017 in last year's first quarter." [Banker & Tradesman]