March 20, 2007
February home sales beat last year
By Matthew L. Brown
For the second straight month, single family home sales increased compared to last year, according to the Massachusetts Association of Realtors.
February marks the first time there have been year-to-year sales gains for two consecutive months since February and March of 2006, according to the association.
The association reported 2,409 single-family home sales in February, a 1.2 percent increase over the 2,380 sold in February of last year.
February sales were down 12.2 percent compared to January, during which 2,744 single-family homes were sold. But the association said a dip between January and February is typical.
February's median selling price of $325,000 for detached, single-family homes fell 4.1 percent below the $339,000 recorded in February of last year.
Median prices fell 4.4 percent between January and February.
Condominium sales increased 4.5 percent over February of last year from 1,210 to 1,264. The median selling price for condos was stable at $270,000.
February marks the first time there have been year-to-year sales gains for two consecutive months since February and March of 2006, according to the association.
The association reported 2,409 single-family home sales in February, a 1.2 percent increase over the 2,380 sold in February of last year.
February sales were down 12.2 percent compared to January, during which 2,744 single-family homes were sold. But the association said a dip between January and February is typical.
February's median selling price of $325,000 for detached, single-family homes fell 4.1 percent below the $339,000 recorded in February of last year.
Median prices fell 4.4 percent between January and February.
Condominium sales increased 4.5 percent over February of last year from 1,210 to 1,264. The median selling price for condos was stable at $270,000.
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