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June Home Sales in Massachusetts Show Strong Gains

Massachusetts home sales in June jumped 6% compared to June of 2013, the largest month over month gain this year.Home Sales Up in June 2014

According to data provided by The Warren Group there were 8,846 home sales of all types (single-family, condos, and multi-family) in June compared to 8,363 homes sold in June of 2013.

Strong gains were seen for all types of homes: the number of single-family home sales increased 4%; multi-family home sales increased 7%, and condo sales increased 11%, making it the sixth month in a row condo sales increased compared to the same month in 2013.

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Average selling prices for all types of homes in Massachusetts rose 6% in June 2014 compared to last June. Single-family home prices increased 5% from $416,114 last June to $436,691 in June 2014. This is the 4th month this year that the average price for a single-family home went over $400,000.

Massachusetts condo prices increased 6% from $283,109 to $301,206, and multi-family selling prices went up 9% to $407,433 last month compared to $373,353 last June.

Southern New Hampshire Home Sales Showed Gains As Well

In Southern New Hampshire (Cheshire, Hillsborough and Rockingham Counties), the number of home sales rose 3% compared to last year. There were 1,088 home sales in Southern New Hampshire in June compared to 1,057 in June 2013.

Condo sales in Southern New Hampshire were down for the second month in a row. Condo sales for these counties dipped 1% compared to June of last year. There were 291 condo sales in Southern New Hampshire compared to 294 last June. Condo prices were down as well. The average selling price for a condo for these counties was $205,457 in June compared to $210,189.

Average selling prices in June for all types of homes, however, are up 6% in Southern New Hampshire. The average price was $258,601 compared to $242,888 last June.