The Warren Group announced today that single-family home sales increased last month by their highest amount in seven years, to 4,820 sold. Prices also increased to $324,500, up from $290,000 a year ago.
Condo sales spiked by 5 percent and prices were up 2.2 percent, to $295,000, the Warren Group said.
Tim Warren, head of the Warren Group, said there’s just so much pent up demand, and so little supply, that it’s driving both prices and sales.
Whether it can or will keep up at this pace is unclear.