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Home sales shoot up in Massachusetts

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According to the Boston Globe, home sales in Massachusetts and the Greater Boston area are back to boom-time levels, with July showing the best results since 2006.

Nearly 6,000 homes changed hands across the state in July. That's the most hectic month for sales since June 2006, the Boston-based real estate data firm and publisher reports.

However, Bay State home prices, after rising 12% through the first six months of the year, took a break in July.

The median home price in July was $349,000, down slightly from $350,000 in June. Hardly a big drop, but worth taking notice of.

Source: Boston Globe
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