Mass. homes sales, median prices, both jump

Mass. homes sales jump about 30 percent in November, median prices also on the rise

Associated Press

WALTHAM, Mass. (AP) -- The Massachusetts Association of Realtors reports that the number of single-family homes sold in the state last month when compared to the year-ago period jumped almost 30 percent, while median prices were up more than 3 percent.

The association said Thursday that November was the 17th consecutive month of year-over-year increases and the first time home sales topped the 4,000 mark in a single month since November 2004.

The Warren Group, a Boston-based publisher of real estate data, reported a 38 percent increase in home sales compared to November 2011, and a 2 percent hike in median prices.

The organizations use slightly different figures in their calculations.

Both groups reported a year-over-year jump in condominium sales well above 30 percent.

The figures, they say, are evidence of a recovering housing market.

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