Mass. Home Sales Down, Prices Up So Far In 2014

Home sales in Massachusetts are down 2.4 percent over the first 11 months of 2014, while the year-to-date median sale price is up 2.2 percent to $330,000, according to The Warren Group.

The Banker & Tradesmen publisher reported Tuesday that November home sales were barely up over last November. The median sale price in November was $315,000, up from $310,000 in November 2013.

"Ending the year with increases in both sales and prices for single-family homes is a good way to enter a new year of buying and selling," Timothy Warren Jr., CEO of The Warren Group, said in a statement. "We have seen sales of single-family homes inch up two months in a row now. Perhaps the good employment statistics in recent months are having a positive impact."

Condominium sales statewide decreased 14.0 percent in November, and the median condo price fell 4.6 percent to $290,000, down from $304,000 a year earlier. Year to date, the median sale price of condos is $310,000, up 4.4 percent from $297,000 a year ago.


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