Mass home sales highest in 10 years
By State House News Service | July 28, 2015, 16:40 EST
By Michael P. Norton
BOSTON More single-family homes were sold in Massachusetts during June than in any month since August 2005, according to newly released data, which also showed sale prices are up only marginally from the first half of 2014.
The Warren Group reported that single-family home sales in June totaled 6,457, up 11.4 percent over June 2014. Home sales over the first half of 2015 are up 1.8 percent over the first half of 2014.
The median home sale price in June was $365,000 and the median home sale price over the first half of 2015 was $335,000, up 1.6 percent over the $329,900 median price during the first half of 2014.
Condo sales in June were up 15 percent, the best month for condo sales since August 2007, and the median selling price of a condo in June was $332,500, up 2.3 percent over June 2014.
“This month, we are seeing the early results from a strong spring market. It is a remarkable showing after a prolonged slump and sluggish recovery extending over the past 10 years,” Warren Group CEO Timothy Warren Jr. said in a statement.
The Massachusetts Association of Realtors on Tuesday also reported an increase in June sales and prices.
“New listings added to the market are also helping, but we continue to need more inventory in general to ensure we are able to keep this momentum going,” association president Corinne Fitzgerald, a broker and owner of a real estate company in Greenfield, said in a statement.
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