Home sales up 37 percent
June 22nd, 2010
Sales of single-family homes in Massachusetts surged 37 percent in May, according to a new report by The Warren Group.
The year-over-year increase marked the fourth consecutive month of double-digit percentage increases, according to the report.
Single-family home sales jumped 36.8 percent to 4,452 from 3,255 last month. Year-to-date sales are up 29 percent, according to the Warren Group.
The median home price reached $290,000 in May, a 2.6 percent increase from $282,520 during the same month last year.
Condo sales increased 24 percent to 1,950, compared with 1,570 last May. The median selling price was relatively flat — $255,000, compared with $257,000 last year.
Filed under: term by TheDoor