Bay State condo prices and sales surged ahead last month, though sales of
single-family homes grew at a more modest pace, a real estate trade group reported
Condo sales rose 26 percent in March compared with the same month the year
before. That represented an increase in sales to 1,689 units – the best March volume ever – from
1,340 in March 2004, the Massachusetts Association of Realtors reported.
prices posted a year-over-year price increase of nearly 11 percent, rising to a median of
Meanwhile, sales of single-family houses rose at a considerably slower
pace, posting a year-over-year 1.3 percent increase in March.
The number of homes
sold rose to 3,382 from 3,340 in March 2004.
House prices, however, shot up 12.7
percent in March when compared with the same period the year before, the MAR
The median price of a house sold in Massachusetts hit $350,000 in March, up
from $310,000 in March 2004.
Source: Massachusetts Association of
Originally posted 2005-04-26 14:02:00.