Boston Business Journal by Lisa van der Pool, Broadcast/Social Media Editor
- Broadcast/Social Media Editor-Boston Business Journal
Massachusetts single-family home sales rose nearly 27 percent on a year-over-year basis in July, according to The Warren Group.
A total of 4,979 single-family homes were sold in the state in July, up from 3,922 during the same month last year, marking the highest level of sales volume in July since 2005.
Between Jan. 1 and July 31, 26,596 homes were sold in Massachusetts, a 24.8 percent increase over the same period in 2011.
“There are a lot of good signs pointing toward a real estate recovery,” said Cory S. Hopkins, editorial director of the Warren Group. “But we are comparing sales to a very depressed market last summer, so it’s important to step back and realign expectations.”
Condo sales also increased in July, rising 34 percent over the same month last year. A total of 1,994 condos were sold in July, up from 1,487 from July 2011, the Warren Group reported.