Mass. home sales down; median prices up - Western Mass News - WGGB/WSHM

Mass. home sales down; median prices up

BOSTON (AP) - The number of single-family home sales in Massachusetts was down in April compared to the same month a year ago, but median prices rose for the seventh consecutive month.

The Massachusetts Association of Realtors and The Warren Group reported Wednesday that the number of home sales last month was down about 1%.

Both groups reported a jump in median prices - more than 10% according to the Realtors to $315,000, and 14% by The Warren Group to $313,000 - compared to the previous April.

Warren Group chief executive Timothy Warren attributes the numbers to high demand and low inventory. He says consumer confidence is high because of steady home values and low interest rates.

The Realtors say a jump in the number of listings is an optimistic sign.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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