In another sign that the housing market may be on the mend, the median sale price of single-family homes in Massachusetts rose more than 12 percent in December to $300,000, the first time since August that median home prices have broken the $300,000 mark, the Warren Group said Thursday.
Looking at the entire year, the Warren Group added that single-family home sales in Massachusetts rose 18 percent in 2012, marking 12 consecutive months of year-over-year sales gains and the best year on record since 2006.
Comments
I always wonder why rising prices in the housing market are hailed as good news. Sky-high real estate prices and Massachusetts residents' frenzied efforts -- helped along by shady lenders -- to get into the market are what started this whole problem to begin with. Until prices settle at truly affordable levels, how can the housing market be regarded as 'improving'?