Home sales ended 2015 with 17-percent jump
The Warren Group
Sales jumped in 2015.
A burst of single-family and condo home sales capped off a strong year for Massachusetts housing sales, according to year-end numbers from The Warren Group.
The group reported a whopping 22.7-percent year-over-year growth in December condo sales and 16.6-percent year-over-year December single-family home sales. This capped off a strong 2015 that saw overall home sales up 10.5 percent from 2014.
This came despite the harsh winter that postponed home purchases for many, according to a release from the group. Through May 2015, there were only 15,238 sales, a 1.7-percent decrease from the first five months of 2014. But starting in June, sales took off with seven straight months of double-digit sales growth.
From June through December, there were 39,274 sales, a 17.2-percent increase over the same stretch in 2014, when there were 33,501 single-family homes sold.
Prices were also up in 2015, with the median price for a single-family home was $340,000, a 3-percent increase from full-year 2014 median of $330,000. The median price for a condo in 2015 was $316,810, a 2.2-percent rise from 2014’s median price of $310,000.
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