Pending Homes Sales Down in May after Tax Credit Deadline Passes

WALTHAM, MA – June 2, 2010 – (RealEstateRama) — The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes put under agreement in May were down 3.0 percent over the same time last year, while condominiums were down 6.0 percent. May is the first month since July 2009 that the number of both single-family homes and condominiums put under agreement has decreased compared to the year before.