BOSTON (AP) — Sales of single-family homes in Massachusetts took a huge jump in February when compared to the same month last year, evidence that potential buyers are feeling more confident about the economy.
Read: Real Estate Market May Be Rebounding
READ MORE: Weekend heat likely to break records with low-mid 90s in the forecastThe Boston-based Warren Group reported Tuesday that sales of single-family homes jumped 33 percent year over year, and the 2,350 homes sold statewide is the largest February volume since 2007.
The Massachusetts Association of Realtors in Waltham reported a 27 percent jump in sales volume compared to February 2011, one of the biggest February increases since the organization began tracking the numbers.
READ MORE: 2 Burlington driveway workers seriously burned when dump truck contacts live wiresOne reason sales are up is because median prices continues to fall. Both organizations say median prices dropped about 4 percent in February compared to the year-ago month.
Consumer confidence and low interest rates are also driving sales.
MORE NEWS: Concord Police release sketch showing person of interest in New Hampshire couple's murderCopyright 2012 The Associated Press.
