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

yesterday.

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.

And condo

prices posted a year-over-year price increase of nearly 11 percent, rising to a median of

$265,000.

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

said.

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

Realtors

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