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by CareyBot

Despite a cooling of detached single-family homes in the second quarter, demand for condominiums set a new record in Massachusetts, the Massachusetts Association of Realtors reported. During the spring quarter, the MAR report found that detached single-family home sales slowed, falling 5.2 percent from 14,888 homes sold in the three months from April-June 2004 to 14,118 in the comparable period this year. Meanwhile, condominium sales rose sharply to a new all-time quarterly high, climbing 17.2 percent from 5,831 units sold in the second quarter last year to 6,832 from April-June 2005. The prior record for most condos sold in one quarter was set less than a year ago, when 6,217 condominiums were sold in the third quarter of 2004 in Massachusetts. "It remains an active market, but wi...