Good news for Mass. housing

WALTHAM, MASS. - The Massachusetts Association of REALTORS® reported on Monday that both single-family home sales and condominium sales experienced their biggest April-to-May percentage increase in the past 10 years. On a month-to-month basis, there was a 24.5 percent increase compared to the homes sold this past April.

While year-over-year single-family home sales were down 10.1 percent in May, this is the smallest decrease since September 2007. May median single-family home prices were also down 9.2 percent compared to last year.

The median selling price for single-family homes in May was $322,500, a decrease of 9.2 percent compared to $355,000 in May 2007. On a month-to-month basis, the May median selling price was up 2.4 percent from April. This is the highest median selling price in 2008
.