The MA Condo Market is Coming Back!
Condominium sales in Massachusetts jumped 54 percent to 1,840 from 1,195 in November 2008, according to a new report released by Banker & Tradesman. It was the biggest gain in monthly condo sales year-over-year so far in 2009. A total of 17,133 condo sales transactions have been recorded in the first 11 months of the year, down 9.1 percent from 18,854 a year earlier.
For the first time in 16 months, the median selling price for condos rose. The median price for condos sold in November inched up 1.7 percent to $244,000 from $240,000 during the same month last year.
File Under: Looking good for 2010.