Mass. Median Home Price Rose 10 Percent, Sales Rose 5 Percent In 2013
Home sales in Massachusetts last month were off slightly, less than 1 percent, compared to December 2012, but sales during 2013 were up 4.9 percent over 2012.
The Warren Group reported Wednesday morning that the 3,712 single-family home sales last month were the fewest for any month since April and reflected the second straight month of over-the-year declines.
Massachusetts fell just shy of the 50,000 single-family home sales mark last year, recording 49,699 sales.
Fourth quarter sales were up 4.5 percent over the fourth quarter of 2012.
“Low inventory combined with increasing interest rates have slowed the market at the end of 2013,” Warren Group CEO Timothy Warren Jr. said in a statement. “Sales and prices set a torrid pace in the third quarter of 2013 and through October. Now the market is taking a breather.”
The median home sale price in Massachusetts during December was $311,125 and the median sale price for 2013 was $320,000, up 10.3 percent from 2012.