Massachusetts home sales soar; median prices also rise
BOSTON (AP) — Sales of single-family homes in Massachusetts soared to their highest level for the month of April in more than a decade, according to two organizations that track the housing market.
The Warren Group reported Tuesday that sales jumped almost 35 percent last month when compared to April 2015, for the industry’s best April since 2005.
The Massachusetts Association of Realtors reported a 26 percent leap in year-over-year sales, with the most closed sales for April since 2004.
The organizations use different numbers in their calculations.
The Realtors said the median price rose almost 8 percent compared to April 2015 to $350,000. The Warren Group reported an almost 4 percent jump in the median price to $336,850.
A mild winter and the threat of rising interest rates drove many buyers.