Home prices rise as would-be buyers compete for a limited number of properties
Even in the traditionally off-peak month of November, buying a home in Massachusetts continued to be a competitive endeavor.
Even in the traditionally off-peak month of November, buying a home in Massachusetts continued to be a competitive endeavor.
Home sales were up slightly in November, compared to a year earlier, but a continued lack of homes on the market — a record low for the month — caused prices to rise.
The median price of a single-family house in November hit $384,000, a 4.1 percent increase over the same time last year, according to the Massachusetts Association of Realtors. Median sale prices climbed or remained flat in 24 of the last 25 months.
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