Bay State Home, Condo Prices Jump In January As Sales Volume Continues To Rise - February 23, 2010

Median prices for single-family homes and condominiums in Massachusetts jumped significantly in January compared to a year earlier, according to a report released today by The Warren Group, publisher of Banker & Tradesman.

The median price for single-family homes sold in January rose 9.6 percent to $285,000 from $260,000. It was the second consecutive month that median prices for single-family homes increased by about 10 percent when compared to the prior year. Sales of single-family homes jumped 11.8 percent to 2,153 from 1,926 in January 2009, posting the fourth consecutive month of double-digit percentage increases in single-family home sales.

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