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Mass. average home price rose to $350K in March

Single-family home and condo prices both rose significantly in March, as did the number of sales, according to data from the Massachusetts Association of Realtors Wednesday.

Prices of single-family homes rose by nearly 7 percent over the prior year to $350,000, according to the association. Condo prices rose by more than 8 percent to an average of $335,000.

The number of sales rose sharply, too.

The number of pending sales of single-family homes rose by nearly 7 percent and condos sold at a nearly 15-percent better rate than a year ago.

Pending sales have risen in 48 of the past 49 months, the Massachusetts Association of Realtors said.

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Confidence among real estate agents is up accordingly.

The Realtor Market Confidence Index rose by 8 percent to 78 on a zero to 100 scale. The Realtor Price Confidence Index rose by 9 percent to 81, the first time it climbed past 80 since 2015.

– Digital Partners -

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