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Mass. Home Sales Up, Median Price Up

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BOSTON (AP) — The median price of a single-family home in Massachusetts shot up more than 10 percent last month compared to the year-ago month, another indication that the state’s housing market is on the way to recovery.

The Boston-based Warren Group on Thursday reported that median prices rose 12 percent when compared to December 2011, to $300,000. That’s the highest since August and the highest December mark since 2007.

The Waltham-based Massachusetts Association of Realtors reported a 10 percent jump in median prices to $303,500.

The groups use slightly different figures in their calculations.

The Warren Group reported an 18 percent jump in sales last month compared to the previous December, while the Realtors reported a 13 percent jump in December, when sales were up year-over-year for the 18th consecutive month.

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WGGB encourages readers to share their thoughts and engage in healthy dialogue about the issues. Comments containing personal attacks, profanity, offensive language or advertising will be removed. Please use the report comment function for any posts you feel should be reviewed. Thank you.
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