(Updated 11:49 a.m.)
BOSTON – Massachusetts home sales grew 25.3 percent in September, continuing an upward trend and marking the best September sales month for residential real estate in a decade, The Warren Group, publisher of Banker & Tradesman, said Tuesday.
A total of 5,430 single-family homes were sold in September compared with 4,335 in September 2014. Year to date, 40,461 homes were sold, representing a 10.1 percent increase compared with the same nine-month period a year ago, The Warren Group said.
Bristol County experienced a 42 percent increase in homes sold, as 380 were sold in September compared with 267 a year ago. The median sales price for the county also increased 3 percent, to $263,250.
“September’s numbers are a continuation of the strongest spring and summer market Massachusetts has seen in 10 years,” Tim Warren Jr., CEO of The Warren Group, said in a statement. “The increase in sales, and the steady increase in median sales prices, shows there was a good amount of pent-up demand for purchases. Married couples and new parents were ready to become first-time homeowners and had the savings to make it possible. Empty-nesters were finally ready to downsize and confident they’d get good value for their homes.”
The median sales price also climbed in September, 3.1 percent, to $330,000 compared with $320,000 in September 2014. Year to date, the median sales price has increased 2.1 percent, to $342,000, compared with $335,000 a year ago.
Condominium sales also rose in September this year, nearly 20 percent, with 2,059 sales, compared with 1,722 in September last year. Prices essentially were unchanged with a median of $300,000, compared with $300,500 in 2014, a decrease of 0.2 percent.
Year to date, the 16,626 condo sales represent a nearly 5 percent increase over the 15,865 sales through the first nine months of 2014. Condo prices have been close to flat year to date as well, posting a 0.9 percent increase, with a median of $317,500 compared with $314,800 last year.
No posts to display
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.