Massachusetts homes sales soar last month for best June in a decade

Economic Indicators Associated Press

The number of single-family homes sold in Massachusetts last month shot up by more than 11 percent compared with June 2014, making it the best June in a decade, an organization that tracks the real estate market announced Tuesday.

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The 6,457 single-families homes sold last month were the most in a single month since August 2005, said Timothy Warren Jr., chief executive of the Boston-based Warren Group.

"It is a remarkable showing after a prolonged slump and a sluggish recovery extending over the past 10 years," he said.

He noted that homes that closed in June were likely deals negotiated 30 to 60 days earlier. "This shows the strength of the spring selling season and follows disappointing sales earlier in 2015," Warren said.

Meanwhile, the Waltham-based Massachusetts Association of Realtors reported a slightly more modest year-over-year sales increase of 9 percent, or 6,208 homes sold.

"It was only a matter of time before all the buyer activity this spring would push closed sales up," said Corinne Fitzgerald, president of the association.

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The association reported a nearly 3 percent rise in median prices to $375,000, the eighth time median prices have risen in the past nine months.

The Warren Group said median prices were up by nearly 1.5 percent in June to $365,000.

The organization use slightly different numbers in its calculations.

Condominium sales were also up — 15 percent according to The Warren Group and nearly 11 percent according to the Massachusetts Association of Realtors.

But while The Warren Group said median condo prices rose more than 2 percent, the Realtors reported a slight drop.