Massachusetts home sales growth slowed in November

The Warren Group reports that the growth in Massachusetts home sales lost some momentum this fall.

Photo: lakegreenwoodproperty.com Photo: lakegreenwoodproperty.com

 

The Warren Group reported that growth in Massachusetts home sales lost some momentum this fall as single-family home sales fell for the first time in six months.

 

Sales in November dropped by 2 percent compared to the same time period last year, the real estate tracking firm reported Monday.

 

The median price of a single-family home in Massachusetts in November 2013 was $307,000; in November 2012 is was $295,000. The median sale price for a condominium was $299,900 for November 2013, compared with $282,000 in November 2012.

 

Warren Group Publisher Timothy Warren said the cost increase may be responsible for the reduced sales volume.

 
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