Mass Home Prices - biggest jump since June, 2010

The Massachusetts Association of REALTORS released the October 2012 sales report. Single-family median prices had the biggest monthly year-over-year jump since the final month to take advantage of the home buyer tax credit in June 2010. In addition, sales were up for the 16th  straight month compared to the same time last year. Condo median prices and sales both went up compared to October 2011.

 

Highlights from the release:

* Single-family home sales were up 22.1% compared to last year
* Single-family median prices were UP 4.4% ($287,000)
* Condo sales were up 34.8% compared to the same time last year
* The median price for a condo was UP 2.0% ($265,000) compared to last year

Housing Update - Chief Economist National Assoc of REALTORS

National Association of REALTORS Chief Economist Lawrence Yun breaks down the housing market, job growth numbers and the impact of the Presidential election in this candid interview.  An interview worth listening to.