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STATE HOUSE NEWS: Home sales slump to lowest level in 21 years

Home sales in Massachusetts in 2011 hit their lowest levels since 1990, despite low interest rates and “soft” median sales prices that dropped 3 percent last year, real estate market analysts reported Tuesday. At just 15,122, condominium sales also plummeted 16 percent last year to their lowest total since 1995, according to The Warren Group. The streak of five straight months of improvement in ...

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