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Slight Improvement In Mass. Housing Market

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Home, American Dream, real estate, home sales, sold

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BOSTON (AP) — Two organizations that track the Massachusetts housing market say a slow but steady recovery continues.

The Massachusetts Association of Realtors and The Warren Group announced Wednesday that sales of single-family homes were up in November when compared to the year-ago month, while median prices dropped.

Both organizations, which use slightly different figures to make their calculations, reported about a 13 percent increase in sales when compared to November 2010.

Even though the market remains slow, it was the fifth consecutive year-over-year increase.

The Boston-based Warren Group said the median price was down 8 percent, while the Waltham-based Realtors group reported a 4 percent drop in the median price, although it was up when compared to October.

Both organizations reported a jump in the number of condominium sales year over year.

Copyright 2011 The Associated Press.

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