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April 15, 2015

Mass. home sales up in March

The housing market has begun to gain traction as New England enters spring, with a year-over-year increase in pending home sales in March, according to the Massachusetts Association of Realtors.

The 4,836 pending single-family home sales – those under agreement to be sold - represent a 14.4 percent year-over-year gain from March 2014, while the median price increased 1.9 percent, to $320,000. The pending sales numbers and prices represent a continued upswing from February, when 3,066 home sales were pending at a median price of $317,500.

Meanwhile, pending condominium sales and median prices rose 12.1 percent and 3.9 percent, respectively, with 1,091 condos sold; the median price was $318,500.

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