• Mass. home sales up in July


    BOSTON (AP) - Sales of single-family homes jumped 27 percent in Massachusetts last month when compared with the same month in 2011, the best July in seven years.

    The Warren Group, a Boston publisher of real estate data, said Wednesday nearly 5,000 single-family homes sold last month, up from just fewer than 4,000 last July.

    The Massachusetts Association of Realtors reported a nearly 23 percent jump in sales of single-family homes, the 13th consecutive month of year-over-year sales increases.

    The organizations use slightly different methods in their calculations.

    Median prices remained fairly stable. The Warren Group reported a less than 1 percent rise in median prices to $318,000, while the Realtors group reported a nearly 2 percent increase to $328,500.

    Both groups reported a large increase in condominium sales.

    PHOTO CREDIT: Flickr (http://www.flickr.com/photos/sercasey/)

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