Mass. Housing Sales Continue To Improve

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The Massachusetts housing market showed more signs of recovery last month as sales of single-family homes jumped by more than 30 percent when compared to the same month a year ago.

The Massachusetts Association of Realtors on Tuesday reported a 31.5 percent increase in sales compared with May 2009, while The Warren Group reported a 37 percent leap. The organizations use slightly different figures in their calculations.

Both groups say the sales boost was driven by the federal home buyers tax credit that is scheduled to expire at the end of June.

The Realtors' association said the state's housing market had its largest May increase since it started tracking monthly data.

Both organizations reported a slight increase in median home prices when compared to the previous May.

This program aired on June 22, 2010. The audio for this program is not available.