Sales of single-family homes in Massachusetts surge
May 25, 2010, 8:23AM
BOSTON (AP) - Sales of single-family homes soared in Massachusetts in April when compared to the same month a year ago according to two groups that track the numbers, further evidence that the state's housing market is recovering.
The Warren Group reports Tuesday that the number of single-family homes sold jumped nearly 46 percent last month when compared to April 2009, while the Massachusetts Association of Realtors says the year-over-year sales numbers rose about 44 percent.
The two organizations use slightly different methods of calculation.
The Realtors group also reported that inventory increased for the second consecutive month after 23 straight months of year-over-year declines.
The median price of a single-family home was up more than 7 percent when compared to last April, according to both groups.