Despite higher prices, July home sales highest since June 2006

Photo via hillshirerealtygroup.com
Unemployment also rose in July, which some worried would drag on the home market. Credit: Hillshire Realty Group

Single-family home sales in Massachusetts during July exceeded pre-recession housing boom levels amid a 10-month climb in home prices, according to The Warren Group.

The 5,941 sales last month were the largest volume in a month since June 2006, when there were 6,152 sales, and the “best July” since 2005 when there were 6,672 sales, according to the real estate and finance publishing company.

“Many recent real estate reports have signaled a strong real estate recovery, and our numbers speak to that rebound,” said The Warren Group editorial director David Harris in a statement.

“While consumer confidence and strong employment numbers continue to bolster the market, there’s concern that higher mortgage rates and increasing home prices could dampen the revitalized market.” Others have expressed concern for the state economy, as the unemployment rate rose to 7.2 percent in July.

Home prices have also been on an upward swing, with the median single-family home price at $349,000 last month, 10 percent higher than last July and the tenth consecutive month of median price increases.

The July 2013 single-family home sales volume was up 18 percent from the 5,014 sales in July 2012. Condominium sales also rose in price and volume over last year. July 2013 condo prices stood at $310,000 a 5 percent increase from July 2012, and the number of sales was up nearly 17 percent, rising to 2,336 for the month

State House News Service contributed to this report.

Follow Morgan Rousseau on Twitter: @MetroMorgan
Follow Metro Boston on Twitter: @MetroBOS


News
Entertainment
Sports
Lifestyle
Local

Monday is the deadline to register for Pennsylvania…

If residents want to vote in the May primary, which includes a vote for a new City Council member, today is the deadline to register.

National

Miss America thinks school should reconsider discipline of…

A Pa. student was suspended for asking Miss America to prom.

Local

Aria Health Torresdale workers caught selling prescription drugs

Two Aria Health at Torresdale employees were fired amid accusations they sold prescription drugs out of the Northeast Philadelphia campus.

National

Rubin 'Hurricane' Carter died Sunday from prostate cancer…

Former U.S. professional boxer Rubin "Hurricane" Carter, who spent 19 years in prison for murder and then was released after it was determined he did not get a fair trial,…

Television

‘Mad Men’ recap: Season 7, Episode 2, ‘A…

Peggy and Lou are horrible, Bert's racist, Don is honest(ish) and Roger and Pete are frustrated. "A Day's Work" not quite worthy of "This Will Be Our Year."

Television

'Game of Thrones' recap: Season 4, Episode 3,…

The problem with the devil you know is that ignoring them doesn’t mean they simply lie in wait. It allows them time to do things…

Television

Discovery cancels 'Everest Jump Live' special in wake…

The Discovery Channel has indicated it will not be moving forward with "Everest Jump Live," a planned special about mountain climber Joby Ogwyn's effort to…

The Word

'X-Men' director Bryan Singer drama continues

  News broke late last week that "X-Men" and "The Usual Suspects" director Bryan Singer is being sued by a man who said Singer molested…

NHL

Ray Emery steps up in Flyers’ Game 2…

Sure, he allowed two goals in the Rangers’ first four shots Sunday afternoon, but it’s about how you start, not how you finish.

NHL

Flyers come from behind, even series with Rangers

The Flyers overcame a two-goal deficit to get a much-needed win at Madison Square Garden Sunday.

MLB

Phillies get set for four against the Dodgers

The Phillies will face tough starting pitching out west against the Dodgers this week.

MLB

Phillies notebook: Cole Hamels returns this week

The Phillies should receive a big boost when Cole Hamels returns during the Dodgers series.

Travel

Packing: The one thing you need in your…

A new survey that looks at the travel habits of 50,000 people around the world has revealed that Western and Asian globetrotters have different priorities…

Home

Is your chair making it hard to talk?

Ever wished there was an office chair that could make impromptu meetings and discussions more private? The Cristiana Wing Chair is an asymmetrical armchair which…

Travel

Live large at these luxury hotels

From Thai boxing lessons and macabre Dracula tours to the Australian Outback, the Four Seasons hotel chain launched a series of new travel packages this…

Parenting

4 things that every summer camp should have

Alan Saltz, director of the 92nd street Y program lists things that every summer camp should have.