November home sales up nearly 39 percent
Pending home and condominium sales in Massachusetts were both up more than 30 percent in November from the same month last year, the Massachusetts Association of Realtors announced Tuesday.
The association says the growth could continue, citing strong buyer activity and increasing market confidence.
The 4,456 single-family homes placed under agreement in November 2015 represents a 38.5 percent increase over the 3,218 of November 2014. The median home price of $345,000 is also up, from $330,000.
"The momentum continues, as pending home sales went up again for the 32nd time in the last 33 months," association president Corinne Fitzgerald said in a statement. "We've seen such strong buyer activity this year, I wouldn’t be surprised to see this momentum carry into 2016."
Condos saw a sharper increase in median sale price, rising to $335,000 from $304,000. Pending condo sales hit 1,666 last month, 30.8 percent higher than the 1,274 in November 2014.
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