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
National

Mutant worms stay sober, even on alcohol

U.S. researchers have developed "mutant worms" that do not get drunk by alcohol, a breakthrough that could lead to new treatment for people trying to quit drinking

Local

K-9 nose helps capture $150K in cocaine at…

A furry, four-legged security agent helped authorities stop an illegal cocaine shipment from sneaking past JFK customs.

National

Minnesota man asked to leave Southwest flight after…

A man and his two sons were asked to leave a Southwest Airlines flight after the man sent a tweet complaining about being treated rudely by a gate agent.

National

Man sues hospital after surprise penis amputation

An Alabama man who went in to a hospital last month for a circumcision awoke after surgery to find his penis had been amputated, his lawyer said on Thursday.

Arts

Scientists recreate world's smallest Monet copy

Scientists have reproduced a famous Impressionist painting using nano-printing, to create what has been described as the world's smallest work of art. Reworked at the…

Television

Jerry Seinfeld is ambidextrous, and other Reddit AMA…

See some of the weirder highlights of Jerry Seinfeld's recent Reddit AMA.

Going Out

Grab a pedestrian and start dancing at What…

As a New Yorker, I’ve mastered the art of focusing my gaze straight ahead. Though it occasionally piques my interest, the absurdities that play out…

Movies

Shia LaBeouf disorderly conduct case pushed to September

A judge on Thursday adjourned until September the disorderly conduct and harassment case against actor Shia LaBeouf, who was charged with disturbing a Broadway theater…

NFL

2014 NFL Fantasy Football Top 100 overall player…

2014 NFL Fantasy Football Top 100 overall player rankings

U.S. Soccer

NYCFC announce signing of Frank Lampard

The tease of a big signing Thursday by new MLS side NYCFC ended up being one rumored for weeks. England midfielder Frank Lampard agreed to…

NBA

NBA great LeBron James sends 800 cupcake apologies…

By Kim PalmerCLEVELAND (Reuters) - NBA star LeBron James, whose recent return to the Cleveland Cavaliers in his home state of Ohio sparked a frenzy…

NFL

Jerry Reese confident with Giants, skipping countdown clocks…

Last year, Giants GM Jerry Reese installed a countdown clock in the locker room to inspire Big Blue to play in their own stadium for Super Bowl XLVIII.

Tech

Forget Wi-Fi: Li-Fi could be the future

Li-Fi technology – developed by Mexican company Sisoft – is wireless internet connectivity using specialized LED light.

Tech

Weather app Climendo might be the most accurate…

The wait for a truly accurate weather forecast could finally be over thanks to a nifty new app called Climendo.

Tech

Napkin Table puts focus off the phone and…

Michael Jan, a design student at Tunghai University in Taiwan, has invented a serviette-picnic blanket hybrid called the Napkin Table.

Style

Essie's new Color Boutique

Essie launches high-tech kiosks at major airports and malls across the country.