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by CareyBot

The Massachusetts housing market enjoyed its best year ever in 2004, as home-buying activity rose to record levels across the state, a new report issued by the Massachusetts Association of Realtors shows. Home prices also rose for an eleventh consecutive year during 2004, with double-digit appreciation observed in both the detached single-family home and condo markets. In 2004, the MAR report found that sales of detached single-family homes increased 8.7 percent in Massachusetts, from 46,410 homes sold in 2003 to 50,441 this past year. The 2004 sales volume establishes a new state record for single-family home sales in a single year, eclipsing the prior record of 50,401 homes sold in 1998. Condominium sales also set a new all-time high in 2004, rising 26.7 percent to 19,710 last year to...