Slight Improvement In Mass. Housing Market
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.
