Both median prices achieve record-highs for the month of February
BOSTON, March 28, 2018 – Massachusetts single-family home prices increased significantly last month, while sales edged lower on a year-over-year basis, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Last month, there were 2,578 single-family home sales recorded in Massachusetts, a 2.5 percent dip from February 2017. Year-to-date, there have been 6,187 single-family home sales across Massachusetts. Concurrently, the median single-family sale price increased 6.4 percent to $340,000, up from $319,500 a year earlier.
“This most recent gain marks 23 consecutive months of year-over-year median home price gains, and there’s no sign that they’re slowing down,” said Tim Warren, CEO of The Warren Group. “In addition to the impressive gain in single-family home prices, median condo prices also saw a 17.6 percent spike from February 2017 to $350,000.”
The median condo price increase was accompanied by 1,163 condo sales – a 3.1 percent hike from February 2017. Year-to-date, there have been 2,606 condo sales across the state.
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