NEWwbztv-small wbz-am-small 985-small mytv38web2

Latest Watch + Listen

Mass. Housing Market Makes Huge Leap

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor

View Comments
420x316-grad-silva

Reporting Anthony Silva

BOSTON (CBS) – The state’s residential real estate market is making a robust comeback with August home sales jumping 20% from the same month a year ago.

But we’re not breaking any records.  Tricia McCarthy, president of the Massachusetts Association of Realtors, tells me selling prices tend to be low, showing a year-over-year increase of less than 2%.

WBZ NewsRadio 1030′s Anthony Silva reports


McCarthy says appraisals are running low because of short sales and foreclosures.

The statewide median selling price is $310,000.

McCarthy says inventory is fragile.  She tells me the challenge now is finding more homes to sell.  She says more inventory is needed in all price ranges.

View Comments
  • http://www.realestate.com/advice/the-boston-real-estate-market-is-heating-up-96041 The Boston Real Estate Market is Heating Up

    [...] when inventories shrink, prices rise. Oddly, during the first 10 days of October, greater Boston home prices were up a miniscule 0.1 percent from September 2012 and flat from the same time a year [...]

blog comments powered by Disqus
Listen Live!

Your Comments

Follow CBS Boston

Select a Live Stream