Projo Biz Blog

BOSTON (AP) -- The number of home sales in Massachusetts rose slightly in August compared to the same month a year ago, as prices continued to fall.

The Warren Group, a Boston-based publisher of real estate data, reported Tuesday that sales of single-family homes crept up about 2 percent last month when compared to August 2008, while the median selling price dropped more than 6 percent, from $322,500 to $302,625.

The Massachusetts Association of Realtors reported a more modest 0.2 percent increase in sales, but a 6 percent bump in pending sales, compared with the year-ago period. The group said the median selling price dropped to $315,000 from $325,000.

The two groups uses slightly different methods to calculate their numbers.

Both groups say the figures are good news for the housing market.

 Tags  housing Massachusetts

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