The number of single-family home sales in Massachusetts rose 5.1 percent in January 2007, with 3,304 homes sold, according to recent data from the Warren Group.
While volume rebounded, median prices dropped 3.4 percent from $325,000 in January 2006 to $314,000 in January 2007, continuing a trend of declining prices since May 2006.
The number of condominiums sold increased 2.8 percent, while the median sale price remained flat at $267,500.
The Massachusetts Association of Realtors also released its home sale data for last month. Based on the Association’s analysis, sales volume for detached single-family homes for the month of January 2007 increased more than 12 percent compared to the same time last year.
