For the first time in a year, local Realtors are reporting a decrease in their optimism about the state's housing market and home prices.
In May, the Massachusetts Association of Realtors Realtor Market Index stood at 39.49, 18.98 percent higher than the 33.19 score recorded in May 2009, but down 23.71 percent from the April 2010 score of 51.76.
April's reading above 50 was the first time the score had reached the positive side of the scale in more than a year. Measured on a 100-point scale, a score of 50 is the midpoint between a "strong" (100 points) and a "weak" (0 points) market condition, MAR said.
May was the first month that Realtors reported a decrease in optimism about home prices since June 2009.