RE NEWS YOU CAN USE Massachusetts Home Sales and Prices up in May The active late winter/early spring market pushed closed sales up in May. While Realtors across the state are reporting that listings are starting to slowly increase, the lack of inventory has driven up prices for single-family homes. However, that is only partially true with condominiums as sales are up, but prices are down. We also wanted to let you know that because of the change that one of the multiple listing services we receive data from made a change in how it categorizes "under agreements", we are unable to provide inventory, days on market and months of supply data for May 2013. We are working with our analytics vendor to create a solution. Highlights from the release: Single-family home sales were UP 8.5% compared to last year Single-family median prices were UP 8.7% ($325,000) (8th straight month) Condo sales were up 11.6% compared to the same time last year The median price for a condo was Down 1.7% ($292,000) compared to last year Click here to read the MAR Report:MAR Report
Posted on: Mon, 01 Jul 2013 13:45:34 +0000
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