As mentioned here in an earlier article, economics 101, an increase in
MA home price was predictable. Supply has been trending down for almost
2 years and demand has been up for the last 8 months. A rebound in
price seemed in order as the spring market neared. But, double digit
increases in both condos and single family homes was still a surprise.
Today, the Massachusetts Association of REALTORS® (MAR) reported that
median prices of single-family homes were up 14.1 percent compared to
January 2009 while condominiums experienced 26.5 percent increase
compared to the same time last year. The jump in median condo prices in
January is the largest annual increase since MAR has been tracking
median prices. Home sales were up 9.1 percent compared to the same time
last year while condominium sales were up 35 percent. Is this strictly
due to the homebuyer credit which expires 4/30 or will it last? We
will keep you posted!
For more details NEWS!!! Massachusetts Association of Realtors.







