DEVELOPING STORY: Investigation Underway For Cause Of Deadly NJ Train Crash | Read More | Watch CBS News Live

Mass. Housing Sales Numbers Mixed In May

BOSTON (AP) — It was a mixed month of May for the Massachusetts housing market as sales of single-family homes fell while sale prices edged higher.

The Massachusetts Association of Realtors said Tuesday that sales of single-family homes rose nearly 17 percent compared to the same month a year ago.

The group said the median selling price for a single-family home was $300,375, up slightly from $299,000 in May 2010.

The independent Warren Group reported a drop of more than 25 percent in home sales compared to a year ago, but said the median sale price was $304,000, compared to $294,000 in May 2010.

The organizations use slightly different figures in their calculations.

Warren Group CEO Timothy Warren says he expects the Massachusetts housing market to improve over the second half of 2011.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

WheelMobile
Download Our App

Listen Live