You can see the lines there: Single-family and condo sales in Massachusetts have increased steadily since the start of the year, according to the Warren Group, which released May numbers for the commonwealth this morning. The numbers are quite at 2010 levels, when federal tax breaks for first-time homebuyers were in full effect, artificially inflating things, but they're nothing to sneeze at.
The number of single-family sales was up nearly 35 percent annually in May, from 3,350 to 4,510. It's the highest number of sales since June 2010, when there were 5,662 deals. At the same time, the number of condo sales was up more than 50 percent, from 1,247 to 1,881. Both single-family and condo sales are, year to date, seeing much brisker sales paces than during the first six months of 2011. And prices? The median sales price of a condo was $290,000 in May, less than 1 percent above what it was the same time last year. The median price for single-families dropped more than 3 percent to $289,950 from $300,000 a year ago.
· Mass. May Home Sales Highest In Nearly Two Years [Warren Group]