Mass. home sales continue strong growth
The Warren Group
Condominiums spearheaded continued strong home sales in Massachusetts through November, with over 10 percent year-over-year growth, according to the latest report from The Warren Group.
Comparing November 2014 to November 2015, single-family home sales grew 10 percent statewide, while condominium sales grew by 16.5 percent, the report said. These strong sales numbers came along with higher asking prices for both housing types, with the median single-family home sales’ price rising by 2.2 percent year-over-year to $332,000 while the median sale price for condos shot up 12.1 percent to $290,000.
Worcester County saw almost 6 percent growth in single-family home sales, while condominium sales grew by over 9 percent over last November. The median sales price for the county went up by 12.4 percent. This continued a strong trend for the county that has recorded 18 percent growth in condominium sales and nearly 15 percent growth in single-family home sales for the year.
This continued growth not only represents a growing confidence among buyers, but enough equity growth in housing that homeowners who were once underwater on their mortgages can sell their homes, Warren Group Editorial Director Cassidy Murphy said in a statement.
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