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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Customers use The Warren Group to identify new business opportunities through access to comprehensive real estate and mortgage data, analytics, industry news coverage, networking, and education opportunities. Based in Boston, the company was established in 1872 and is now in its fourth generation of family ownership and management. It is the publisher of Banker & Tradesman, The Commercial Record and Registry Review and architect behind some of the leading events and conferences for banking, legal, and real estate professionals in all of New England. For more information visit www.thewarrengroup.com.
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