The number of sales of single-family homes were off by 4% in Newton, MA through Nov. 2009 compared to 2008. If you look at the data, we see that almost all of the drop came in the $1.5M - $1.9M range. The high end of the market took the biggest hit.

The number of sales of condos were off by 11% in Newton, MA through Nov. 2009 compared to 2008. Only 4 condos sold above $1M whereas last year 13 sold. It could that buyers who in other years would have bought condos found single-family houses within their financial grasp.