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Massachusetts condo sales surge in December

Sales of single-family homes may have been flat in Massachusetts in December.

But condo sales soared by 15.29 percent last month, according to the Warren Group.

Prices for both single-family (up 3.7 percent) and condo units (7.3 percent) continued their rise as well in December, though not by the sharp upward spikes as seen in previous months.

Bottom line: The big price increases are moderating a bit, but they’re still increasing.

The big question: How much supply will there be this spring and how will it impact prices? The hunch here is that inventory will increase and prices will moderate a bit as a result.

Chart via Warren Group.

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