Mass. Sees First Bump In Home Sales Since June

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Single-family home sales in Massachusetts increased in October, the first monthly spike in sales since June. The median selling price last month was also up, by 2.1 percent, to $320,000.

The Warren Group reported Tuesday morning that October sales were up 1.4 percent, while year-to-date single-family home sales across Massachusetts are down, by 2.7 percent.

The October 2013 median home sale price was $313,500, and year-to-date the median home sale price is up 2.3 percent to $332,525 compared with $325,000 during the same period in 2013.

"It is encouraging to see home sales inch their way up in October, after declines in seven of the previous ten months. These numbers reflect sales from late summer house hunting," Timothy Warren Jr., CEO of The Warren Group, said in a statement. "Prices also increased slightly. For a year now, the entire market has been pretty flat. We have seen modest increases and modest decreases in both median prices and sales volume, but no big swings."

October condo sales rose 3.9 percent and condo sales year-to-date are up 3.2 percent.



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