July Encouraging For Mass. Home Sales

By The Associated Press

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Aug. 23, 2011

WALTHAM, Mass. — Sales of single-family home in Massachusetts jumped in July for the first time in six months when compared to the year-ago period, an encouraging sign for the state's real estate market.

The Massachusetts Association of Realtors reports Tuesday that sales of single-family homes jumped more than 14 percent from July 2010. The Warren Group, a Boston-based publisher of real estate data, reported a 7 percent increase. The organizations use slightly different methods of calculation.

The president of the Realtors group says sales were spurred by affordable prices and low interest rates, although some people may have been scared away from entering the market because of uncertainty over the debt ceiling debate.

Both organizations said the median price of a single-family home decreased slightly when compared to the previous July.

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