Industry News

Massachusetts condo prices surge

Median value up 14 percent from year-ago level

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The median selling price for Massachusetts condos jumped 14 percent in February 2004 when compared with February 2003 data, rising from $200,000 to $228,000, according to the Massachusetts Association of Realtors. Condo sales totaled 779 last month, up 6 percent from 735 in February 2003. Detached single-family home sales were down slightly, from 2,450 home sales in February 2003 to 2,433 home sales in February 2004. The median selling price for detached single-family homes rose from $280,000 in February 2003 to $304,200 in February 2004, an 8.6 percent gain. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....