Home Sales Rise in Mass.

According to data from the Warren Group, NationalMortgageNews reports the sale of single-family homes increased eight percent in Sept. over Sept 2011 in Massachusetts, equaling 3,791 homes last month. Although median prices slipped to $277,000 for the state, 13,861 properties were sold during the third quarter, 2,000 more than the same period last year. Year-to-date, home sales are up 22 percent to 35,482. As Timothy M. Warren, Jr. of the Warren Group tells MHProNews, “Home sales have reached the highest level in nine quarters, a strong sign that consumers have regained some confidence in the economy and are making home purchases with more enthusiasm. But, the end of the summer selling season and a slight increase in unemployment could mean sales will slow at the end of the year.”

(Image credit: MortgageBroker)

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