Median Sales Price for Massachusetts Homes Continue to Rise in April
353
FOXBOROUGH The number of closed sales of homes continued to rise in April from the previous month, according to the Massachusetts Assoc. of Realtors (MAR), substantiating the expectations of a busy spring market that will likely last well into summer.
For single-family homes in March 2021, there were 3,385 closed sales and 5,804 new listings, while in April there were 3,923 closed sales and 6,721 new listings. For condominiums, March saw 1,959 closed sales and 3,040 new listings, whereas April brought 2,109 closed sales and 3,394 new listings. The market continues to see many multiple-offer situations, driving sales above asking price. Median sales price for single-family homes increased by 9% since March, from $485,000 to $529,000, and condominiums by 5.5%, from $459,945 to $485,000.