The Boston Herald reported today new MLS sales data that shows Massachusetts home prices are on the rise. Excerpts from the Boston Herald:
The median price of a single-family dwelling rose to $331,300, an 8 percent increase from $307,000 in June 2009, marking the seventh straight month of year-over-year home price increases.
Condominium sales were also up dramatically from a year ago, according to MLS data. A total of 2,085 condos changed hands in June, up from 1,634 for the same period last year – a whopping 27 percent increase. Median condo prices were up modestly to $287,000 in June, a 4 percent rise from $275,000 a year ago, MLS said.
Read the full article.