Mass. October home prices have biggest jump since June 2010

Hello snow! (ok, flurries…) Today we released our October 2012 sales report. Single-family median prices had the biggest monthly year-over-year jump since the final month to take advantage of the home buyer tax credit in June 2010. In addition, sales were up for the 16th  straight month compared to the same time last year. Condo median prices and sales both went up compared to October 2011. (see graphs below – click on them to enlarge).

Link to October 2012 Housing Release data sheets and podcast)

Highlights from the release:

* Single-family home sales were up 22.1% compared to last year
* Single-family median prices were UP 4.4% ($287,000)
* Condo sales were up 34.8% compared to the same time last year
* The median price for a condo was UP 2.0% ($265,000) compared to last year