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Despite Snow, Mass. Home Sales Were Up In February

Single-family home sales in Massachusetts rose nearly 4 percent in February, a month that will go down in the history for its record snowfall totals.

The Warren Group reported Tuesday that relatively low inventory levels, low mortgage rates and falling unemployment fueled sales, which are up by less than 1 percent over the first two months of 2015.

The median sale price of a home sold in Massachusetts during February was $310,000, an increase of 8.2 percent over February 2014. Median prices have risen for five straight months.

"With both sales and prices on the rise, we expect this trend to continue as the snow melts and buyers and sellers start to get motivated to make deals," Cassidy Murphy, editorial director of The Warren Group, said in a statement.

Over-the-year condo sales were off by 1.3 percent, marking four consecutive months of decreases. The median condo price of $286,000 was up 2 percent compared to February 2014.

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