Tim Logan, Boston Globe, June 29th, 2016
The region’s housing market continued its spring surge in May, with sales up by more than one-fifth in Massachusetts compared to last year, according to new figures out Tuesday. Single-family home sales climbed 21% in May, according to data from the Warren Group, while condominium sales climbed 9%. For the full year so far, sales of all kinds of properties are up 25% — a function of strong demand, low interest rates, and a healthy job market, along with a boost after the lag in the brutal winter of 2015 as homebuyers stayed in. Prices climbed too, if not as fast. The median price of a single-family home in Massachusetts in May was $347,000, up 2% compared to the same month last year. The median condo price climbed 4.4% to $335,000. In a separate report also out Tuesday, the S&P/Case-Shiller Index reported that housing prices in the Boston area hit a record high in April, and were up 5.7% year-over-year.