Looks like local Realtors are starting to feel more optimistic about the housing market. The Massachusetts of Realtors released its Realtor market index.
The index was 51.76 in April, up from 27.82 a year ago and 40 in March. A score of 50 is the midpoint between “strong” (100 points) and “weak” (0 points) market conditions.
The Realtor Price Index was up to 55.59 in April 2010 compared to 40.41 during the same month last year and 53.15 in March.
The median selling price for single-family homes in Massachusetts has been increasing year-over-year since last July, according to The Warren Group. The median home price in the first quarter stood at $276,650 – an 8.5 percent increase from the same months in 2009