The Massachusetts Association of Realtors reported that sales of single-family homes dropped nearly 17 percent last month.
BOSTON – It was a mixed month of May for the Massachusetts housing market as sales of single-family homes fell while sale prices edged higher.
The Massachusetts Association of Realtors said Tuesday that sales of single-family homes dropped nearly 17 percent compared to the same month a year ago.
The group said the median selling price for a single-family home was $300,375, up slightly from $299,000 in May 2010.
The independent Warren Group reported a drop of more than 25 percent in home sales compared to a year ago, but said the median sale price was $304,000, compared to $294,000 in May 2010.
The organizations use slightly different figures in their calculations.
Warren Group CEO Timothy Warren says he expects the Massachusetts housing market to improve over the second half of 2011.