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The Boston Globe

Business

Low inventory causes Mass. home sales to slip

Single-family home sales in Massachusetts fell in February, reversing 13 straight months of rising sales volume, said the Warren Group, adding that low inventory and strong comparisons were factors in the decline.

A total of 2,246 homes sold statewide in February, a 5 percent decrease from the same month a year ago. Meanwhile, the median price for a single-family home increased more than 12 percent last month to $275,000, the Warren Group said in a monthly report on the Bay State market that was released this morning.

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